Business Standard

Pb CM to launch 'Aajeevika Grameen Express Yojana' on Oct 2


Press Trust of India Chandigarh
Punjab Chief Minister Amarinder Singh will launch the a scheme on October 2 to provide interest-free loans to members of self help groups for purchase of a vehicle not costing more than Rs 6 lakh.
The loan amount has to be paid back within a maximum period of six years after which the vehicle will be transferred in the name of the member of the self help group.
The scheme -- Aajeevika Grameen Express Yojana -- is being launched under the National Rural Livelihood Mission and is aimed at benefiting 123 self help group families.
It would be launched in six blocks of the state as a pilot project from 2018-19 financial year to 2020-21 financial year, according to an official release.
on October 2, the chief minister will also inaugurate a state-level mega camp to facilitate the beneficiaries of the Mahatma Gandhi Sarbat Vikas Yojna (MGSVY).
On the directions of the chief minister, 90 such mega camps will be held at sub-divisional levels across the state in order to ensure that no deserving beneficiary is deprived of the benefits of the welfare schemes initiated by the government under the MGSVY.
According to an official spokesperson, so far 27, 40,109 applications have been received under MGSVY, out of which 8,66,322 beneficiaries have been found to be eligible.

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First Published: Sep 29 2018 | 8:30 PM IST

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