AP YSR Asara Scheme 2020 – Debt Waiver for Women Self Help Groups (SHGs)

AP YSR Asara Scheme to launch on 11 September 2020, check salient features, loan status, how to apply online process, list for Debt Waiver Scheme for Women Self Help Groups (SHGs)
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Andhra Pradesh government is going to launch AP YSR Asara Scheme 2020 for Women Self Help Groups (SHGs). Chief Minister YS Jagan Mohan Reddy will start this YSR Aasara Scheme on 11 September 2020. In this debt waiver scheme, the state govt. will reimburse outstanding loans of SHGs. After the official launch, people would be able to check their status, beneficiary list of scheme aiming to forgive loans.

Many women in Andhra Pradesh state have incurred massive loans and now would get relief under YSR Asara Scheme. These loans were taken to cope up with expenses towards education, health care, elderly care, daily needs and other emergencies. A total amount of Rs. 6345.87 crore would be released for the benefit of 7,91,257 SHGs.

Women will now come out of the vicious cycle of debts which they were in due to incapability to cope with exorbitant rates of interest. It is a big step to help women as govt. will give big relief by forgiving their loan amounts.

AP YSR Asara Scheme 2020 for Women SHGs

The state govt. of Andhra Pradesh will now launch AP YSR Asara Scheme on 11 September 2020. AP govt. will reimburse all the outstanding loans taken by all the women members of self-help groups belonging to the SC, ST, BC, and minority communities as on 11 April 2019 in four instalments. The sum of outstanding loans as on cut off date was calculated, the result was over Rs. 25,383.49 crore. The main aim is to waive off loans of debt ridden women SHGs in the state.

The AP YSR Asara Scheme will ensure that women are not forced to go back to take loans at higher interest rates once again. The amount given under Aasara scheme can also be used for their future prospectus if they have repaid their loan already. The govt. will still stick to its promise of reimbursing the total outstanding loan.

Salient Features of AP YSR Asara Debt Waiver Scheme

The salient features and highlights of the AP YSR Aasara Scheme are as follows:-

Name of SchemeAP YSR Asara Scheme
Launch Date11 September 2020
Name of StateAndhra Pradesh
BeneficiariesDebt ridden Women Self Help Groups (SHGs)
Number of BeneficiariesApprox. 9 lakh women
Official WebsiteTo be launched soon
Major ObjectiveWaive off loans of Women SHGs
Launched byCM Jagan Mohan Reddy
Total amountRs. 6345.87 crore for 1st Installment (Rs. 25,383.49 crore)
Number of Installments4
AP YSR Asara Scheme Features

AP YSR Asara Scheme Eligibility

Only those applicants fulfilling the below mentioned criteria will be eligible for AP YSR Asara Scheme 2020:-

  • Applicant must be a resident of Andhra Pradesh state.
  • Women must be under Self Help Groups (SHGs).
  • The candidate must be in a possession of Aadhaar Card.
  • She must have a mobile number.
  • Loan documents of bank are required.
  • Applicant women must belong to SC / ST / BC / Minority community.
  • Women must have taken loan before 11 April 2019.

Check YSR Asara Scheme Loan Status Online

CM YS Jagan Mohan Reddy will launch the AP YSR Asara on 11 September 2020 and will waive off debts of women from poor families. For the 1st instalment, govt. has earmarked around Rs. 6345 crore to benefit 7,91,257 SHGs. After the official launch of the scheme and its website, people will be able to check their AP YSR Asara Scheme Loan Status online. Women will be benefited to a great extent and thus the entire family would be benefited. So, wait for the official launching of the scheme portal to check your debt waiver status online.

ysr asara scheme announcement 1
AP YSR Asara Scheme Announcement

List of Documents Required for YSR Asara Pathakam

The complete list of documents required for the YSR Asara Pathakam Scheme 2020 in AP are as follows:-

  • Address Proof
  • Income Certificate
  • SHG loan details
  • Caste Certificate
  • Photograph
  • Bank account number
  • Phone number

District Wise List of YSR Asara Scheme Beneficiaries

As the YSR Asara Scheme has not been launched till now, the concerned dept. has not released details on how to check name in beneficiary list. It is expected that after the official launch of the scheme, people would be able to check district wise list of YSR Asara Scheme beneficiaries and download it in PDF format:-

East GodavariView List
West GodavariView List
KrishnaView List
GunturView List
PrakasamView List
Sri Potti Sri Ramulu NelloreView List
SrikakulamView List
VizianagaramView List
VisakhapatnamView List
KurnoolView List
ChittoorView List
YSR KadapaView List
AnantapurView List
AP YSR Asara Scheme List of Beneficiaries

AP CM YSR Asara Scheme Portal (Official Website)

The official website is not available currently as the launch event of AP YSR Asara Scheme is scheduled to take place on 11 September 2020. The new AP CM YSR Asara Scheme Portal will soon get functional after the official launch. It is expected that the portal link will be uploaded at the http://navasakam.ap.gov.in/ website.

How to Apply for AP YSR Asara Scheme

As of now, there are no specific procedure defined on how to apply for AP YSR Asara Scheme. But people would be able to apply online for AP YSR Asara Scheme at the official portal. At the official website’s homepage, people will have to make registration and submit completely filled in application form to avail benefits of this scheme.

Helpline Number (Toll Free) for YSR Asara

The helpline numbers or the toll free contact number for YSR Asara Scheme has not been revealed. People can visit our website after 11 September 2020 to get regular updates on the helpline numbers, official website, apply online process. As soon as we will get information, we will update it here.

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