Amaravati: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Thursday kicked off the second installment of the YSR Aasara program distribution in Ongole, Prakasam district at PVR Boys’ High School.
The YSR Aasara is a program established by the AP government to improve the socio-economic status of economically struggling Self-Help Groups (SHGs) of women in rural and urban areas, and to strengthen women’s empowerment and support families in need.
The tranche was initiated by crediting nearly Rs 6,440 crore to the accounts of 78.76 lakh women belonging to 7.97 lakh SHG, a press release from Jagan Mohan Reddy’s office said. Under this program, the outstanding loans of SHG women, which amounted to Rs 25,517 crore (as of April 2019), will be directly credited to their accounts in four phases.
Women in self-help groups usually find themselves in a situation of vicious debt where borrowing and repaying loans taken out to support themselves, coupled with exorbitant interest rates, leaves no room for financial loss. savings or improving their quality of life.
Speaking on the occasion, the chief minister of the PA said that “the SGH groups that were included in the ‘grade A’ classification have dropped to the ‘grade’ and ‘grade C’ classification because their members could not not pay their debts and interest. Our government’s initiatives such as YSR Aasara, YSR Sunna Vaddi Pathakam and YSR Cheyutha are helping women in self-help groups to free themselves from their debts… ”
The AP government aims to help women in state self-help groups by paying down their debt and providing various other aids for almost any other crucial expenses they may have in their daily lives. initiatives like Amma Vodi, Vasathi Deevena, Vidya Deevena and Vidya Kanuka help women to provide education to their children with all necessities, while initiatives like Aarogyasri help them with any medical / health expenses that their families may incur .
The state government has also signed memoranda of understanding with multinational companies like Agio-Reliance, Mahindra-Kheyti, Tanager and Gramena Vikasa Kendram Society to provide women with business opportunities and pave the way for sustainable economic development.