Jagananna thodu

Jagananna Thodu

The Govt. of AP (Department of Grama Volunteers/Ward Volunteers & Village Secretariats/Ward Secretariats) vide G.O.Ms.No.01, dated 29.05.2020 introduced a special scheme “Jagananna Thodu” to support Petty Traders (Chiruvyaparulu) and people engaged in traditional handicrafts etc., who are struggling with high interest rates being charged by private money lenders and to channelize into formal institutional finance to enable them to get access to liberalized finance at a lower rate of interest.

Features & Benefits

Financial support to Street Vendors

Interest free loan provided by GoAP

Empowers street vendors

Social Upliftment

Entrepreneurship promotion and Poverty Alleviation

No processing fee and Prepayment charges

  • People engaged in hawking or petty trading activity, street vendors, artisans and in traditional handicrafts who are not covered under institutional finance and where identified & issued with ID card by Government of AP.
  • The eligible persons (Chiruvyaparulu) list identified through the suvey carried out by Ward/Village volunteers available at Ward/Village Secretariat.
  • The persons holding Smart ID card (QR Code) issued through Ward/Village Volunteers.

Interest Rates

  • 10.00% p.a. subject to revision from to time with 7% interest subvention from GoI and remaining from GoAP.
  • Penal interest at 2% p.a. will be charged on entire outstanding in case of delayed payment of interests until the defaulted amounts are repaid.
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