YSR Zero Interest Loan Scheme 2024 : YSR Sunna Vaddi Apply Online,Status check
YSR Sunna Vaddi
The YSR Sunna Vaddi Scheme was launched by the Chief Minister of Andhra Pradesh with a primary objective of extending interest-free credit loans to self-help groups across the state. The scheme focuses exclusively on female candidates, aiming to empower the women of Andhra Pradesh, particularly the elderly, by granting them financial independence.
Under this initiative, the government is committed to providing financial support to self-help groups without charging any interest on the loans. By exclusively targeting female applicants, the scheme seeks to uplift and empower women, allowing them to participate more actively in economic activities and decision-making processes.
The government of Andhra Pradesh, India, launched the YSR Sunna Vaddi Scheme. This visionary initiative, named after the late Chief Minister Y.S. Rajasekhara Reddy, aims to empower farmers by providing interest-free loans, thereby encouraging them to invest in their agricultural activities without worrying about mounting debts. This blog post delves into the key aspects and impact of the YSR Sunna Vaddi Scheme on the farming community.
YSR Zero Interest Loan Scheme detials
| Scheme Name | YSR Zero Interest Loan Scheme |
| Year | 2024 |
| Launched By | AP CM YSR Jagan Mohan Reddy |
| Beneficiaries | Self-help groups and DWCRA Women Associations |
| Official website | http://navasakam.ap.gov.in/ |
Objective and Benefits of YSR Sunna Vaddi Scheme
- Interest-Free Loans: One of the most significant features of the YSR Sunna Vaddi Scheme is the provision of interest-free crop loans. Earlier, farmers had to bear the burden of high-interest rates on loans, leading to a never-ending cycle of debt. With this scheme, they can now avail of loans without any interest component, ensuring that the benefits directly reach the farming community.
- Timely Disbursement: To ensure that farmers receive the benefits in a timely manner, the government has streamlined the loan disbursement process. Loans are sanctioned and disbursed through various banking channels, making it convenient for farmers to access funds when they need them the most.
- Encouraging Timely Repayment: While the loans are interest-free, the scheme incorporates incentives to promote timely repayment. If farmers repay their loans promptly, they are eligible for cashback benefits, further boosting their financial standing and encouraging responsible borrowing habits.
Eligibility Criteria for YSR Sunna Vaddi Scheme
- The applicant must be a farmer who owns agricultural land in Andhra Pradesh.
- The scheme is applicable to small and marginal farmers who possess up to 5 acres of land.
- The farmer applying for the scheme must be a permanent resident of Andhra Pradesh.
- The loan should be used for agricultural purposes only, such as cultivation, purchase of seeds, fertilizers, pesticides, etc.
- There is no specific age limit for availing the benefits of the scheme, making it inclusive for farmers of all age groups.
- The applicant’s repayment track record is not considered for availing the interest-free loan. However, prompt repayment makes them eligible for cashback benefits.
- The applicant must obtain the loan from recognized financial institutions or banks registered under the scheme.
- The farmer needs to have a valid Aadhar card for identity verification and documentation purposes.
- Farmers should be registered with the e-Crop Booking system to avail the benefits of the scheme.
- Applicants must comply with all relevant agricultural laws and regulations enforced by the state government.
- The farmer should possess an active bank account to receive the loan amount and any cashback incentives.
Documents Required
- Passport
- Self-help group certificate
- Bank account information
- Aadhar card
- Proof of residence
- Voter ID card
- Property ownership papers
- Certificate indicating below the poverty line status
- PAN card
- Loan documents
- Recent passport-sized photograph
YSR Sunna Vaddi Scheme Application Process
The application process for the YSR Sunna Vaddi Scheme is conducted through the YSR Navasakam scheme. The YSR Navasakam scheme conducts a door-to-door survey to identify potential beneficiaries for various government initiatives launched by the Chief Minister of Andhra Pradesh. A shortlist is prepared by the authorities of the YSR Navasakam scheme, which includes the beneficiaries of the YSR Sunna Vaddi Scheme as well. Additionally, an online portal is expected to be launched soon to streamline the implementation and functioning of the YSR Sunna Vaddi Scheme.
Steps to Search YSR Sunna Vaddi Beneficiary List
- Visit the official website of the YSR Sunna Vaddi Scheme.
- The home page will appear, and you can click on the “Sunna Vaddi Report.”
- A new page will open with a list of districts.
- Choose your district from the list.
- Now, select your Urban Local Body (ULB) from the options provided.
- The beneficiary list will be displayed on your screen.
Know Your Status
- Go to the official website of the YSR Sunna Vaddi Scheme.
- The home page will appear, and you can click on “Know Your Status.”
- A new page will open, where you need to select the crop year and crop season.
- Enter the farmer’s Aadhar number.
- Click on “Submit.”
- The required information will be displayed on your screen.
AP Government To Release Ysr Sunna Vaddi Scheme Funds On August 10th.