The Government Order of the Scheme Guidelines was first issued on 1st January 2016.

The objectives of this scheme are to redeem the debt accrued by the farmers, Self-help Groups, Weavers, etc., to the Scheduled Commercial Banks / Cooperative Banks, Urban Cooperative Banks, and RRBs, through their Branches/Institutions in the State of Andhra Pradesh. The scheme also suggests a number of measures for increased livelihood opportunities and improved prosperity.

Yes, the scheme has a specific focus on - 1. Weavers’ Individual Loans 2. Weavers’ Groups Loans 3. Loans of Power loom Units below 5 HP Power connection and availing 50% power subsidy scheme.

Yes, the scheme applies to the loans taken for weaving purposes extended by Scheduled Commercial Banks/Cooperative Banks, Urban Coop. Banks and RRBs, through their branches/Institutions in the State of Andhra Pradesh.

No, loans taken from banks located outside the State of Andhra Pradesh are not in the scope of this scheme.

Yes, the loans disbursed to Individual Weavers and Weaver Groups for weaving purposes that were outstanding on 31.03.2014 are eligible for coverage under the scheme.

The total amount eligible for redemption of loans taken for weaving purposes shall be limited to ₹ 1,00,000 for Individual Weaver.

The total amount eligible for redemption of loans taken for weaving purposes shall be limited to ₹ 5,00,000 for Weaver Groups, subject to the condition that within the Weaver Groups, the eligibility for the redemption of the loan outstanding per individual will be limited to ₹ 1,00,000.

The Assistant Director (H&T), shall obtain the list of potential beneficiaries from the Banks.

All payments will be routed through the bank where the debt is outstanding directly to the account of the beneficiary.

In the case of the groups, the payment will be made to the group account director, and the members of the group in turn will apportion the money in the ratio appropriate.

A copy of this scheme in English and Telugu Languages shall be displayed in each branch of every lending institution covered under this scheme.

There are no income-related criteria for this scheme. You can apply to this scheme irrespective of your family income, provided that you meet the eligibility criteria for this scheme.

There are no age-related criteria for this scheme. You can apply to this scheme irrespective of your age, provided that you meet the eligibility criteria for this scheme.

No, there are no age-related criteria mentioned in the scheme guidelines for this scheme.

No, in order to be eligible to apply, the applicant should be a resident/domicile of the state of Andhra Pradesh.

This scheme is a 100% State Sponsored Scheme.

The Scheme Guidelines can be found at this link - https://www.aphandtex.gov.in/open_record.php?ID=142