Nilanjan
Introduced by the Andhra Pradesh Government in 2020, YSR Sunna Vaddi Scheme is a flagship initiative launched with the motive of providing financial help to women with the help of Self Help groups (SHGs).
Till now, 16,00,000+ women have received help through the scheme. Recently, the Andhra Pradesh Government has released ₹1,353.76 crore into the scheme. Thus, helping 1,00,00,000+ eligible women of 9.48 lakh self-help groups.
Read below to know more about YSR Sunna Vaddi Scheme 2023.
YSR Sunna Vaddi Scheme Overview
The YSR Sunna Vaddi Scheme is proof of the Andhra Pradesh government’s zeal and commitment to the welfare of its women. The government of Andhra Pradesh understands and celebrates the importance of women in the status. Therefore, through this scheme it aims at promoting women equality, empowerment and self respect. Below is a detailed table containing all the important YSR Sunna Vaddi Scheme details.
| Scheme Name | YSR Sunna Vaddi Scheme |
| Launched By | Andhra Pradesh Government under Mr. Y. S. Jagan Mohan Reddy |
| Year | 2020 |
| Beneficiaries | Elderly women from BPL category |
| Application Procedure | Online |
| YSR Sunna Vaddi Scheme Toll Free Number | 1097 |
| Objective | Providing zero interest loans to the women belonging to below poverty line |
| Benefits | Debt waiver for improving the plight of women in Andhra Pradesh |
What does the Scheme include?
The YSR Sunna Vaddi initiative was established to provide interest-free loans to women who were living in poverty. Under this scheme, funds have been sent as interest payments for the third year in a row. The chief minister of Andhra Pradesh has sent Rs. 1,261 crore straight to the bank accounts of 1.02 crore self-help group members.
Providing underprivileged women with a means of development is the government’s main goal. The Chief Minister further noted that the government had spent Rs. 3,615 crore on the YSR Sunna Vaddi Scheme over the past three years. in order to benefit women who are in debt but can make their payments on time. Women with outstanding loans of up to 5 lakh rupees in banks located in urban and rural areas are eligible to use the program.
In addition to this, the CM provided a list of numerous women’s welfare initiatives and said that from its beginning, the government has given out Rs. 1,36,694 crore through the direct distribution of benefits, free from intermediaries or corruption. Of this sum, Rs 94,318 crore was given to the female recipients directly.
YSR Sunna Vaddi Scheme Eligibility Criteria
The following qualifying requirements must be met if you are an Andhra Pradesh woman who wants to profit from this program:
- The applicant must be from the state of Andhra Pradesh.
- The applicant must reside in Andhra Pradesh on a permanent basis.
- The potential candidate must be a woman.
- The applicant must have credit limits under Rs. 500000.
- A loan that is considered a non-performing asset (NPA) is ineligible for this program.
- A potential candidate must fall under the BPL (Below The Poverty Line) category.
- In the state of Andhra Pradesh, the candidate must be a member of a self-help organization.
YSR Sunna Vaddi Scheme Application Procedure
The Andhra Pradesh government conducted door-to-door surveys to allow eligible women to register for the YSR Sunna Vadi Yojana. The reason for doing this was that the majority of the program’s beneficiaries lacked internet connection. The AP Government will soon run an online application process, though, to allow needy women to apply as well, thanks to technological advancements.
YSR Sunna Vaddi Scheme Status
The series of actions you must do to determine your position under the program are listed below.
- You must first access the AP YSR Sunna Vadi Yojana portal at http://karshak.ap.gov.in/ysrsvpr/.
- You’ll see a button labeled “Know Your Status” at the top of the page that loads.
- You can access the “Know The Interest Reimbursement Status” window on a new page by selecting that option.
