Self-reliant Gujarat Sahay Yojana-2 announcement, get loan up to 2.5 lakh at 4% interest

Following the economic challenge posed by the lockdown and Corona, the Gujarat government today announced Part 2 of the Self-Reliant Gujarat Assistance Scheme.

Under the Rs 5,000 crore relief scheme, the government will provide loans of up to Rs 1.5 lakh to small traders as well as other middle-income earners at an interest rate of 4 per cent without any guarantee.

 Earlier, the government had announced concessional loans of up to Rs 1 lakh to low-income small shopkeepers, artisans and others.

 It is the turn of most traders as well as traders to suffer huge losses due to the two-and-a-half months of lockdown.  The government recently announced a loan of up to Rs 1 lakh at 2 per cent interest for low-income earners.

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Under the scheme, the government will pay six per cent interest, while the borrower will have to pay two per cent interest.

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