Andhra Pradesh CM opens loan drive for OTS beneficiaries

March 1, 2022

Andhra Pradesh CM opens loan drive for OTS beneficiariesVIJAYAWADA: Chief minister YS Jagan Mohan Reddy launched a loan facility initiative for the one-time settlement (OTS) beneficiaries here on Monday and conducted a review meeting with the officials on Jagananna Sampoorna Gruha Hakku scheme.

The chief minister stated that providing loans would benefit the OTS beneficiaries to a greater extent and handed over the cheques to the beneficiaries of Guntur municipal corporation. The Chaitanya Godavari Grameena Bank which operates in Guntur, Krishna, East Godavari and West Godavari districts has sanctioned loans to them.

The bank offers loans from `1.5 lakh to `3 lakh to the OTS beneficiaries. The chief minister said the beneficiaries of OTS scheme in Guntur municipal corporation have paid `20,000 and got clear titles for their property. They mortgaged the property again and obtained a loan of `3 lakh and this money will help their families to prosper further, he said.

He added this is a clear example of benefits of Jagananna Sampoorna Gruha Hakku scheme. He said each beneficiary got `15,000 benefit with complete exemption of registration charges and stamp duties. Jagan added `10,000 crore debts were waived off through the OTS scheme and another `1,600 crore by way of stamp duty exemptions.

He directed the officials to take steps to complete the registration process for OTS beneficiaries within the stipulated time. Meanwhile, Chaitanya Godavari Grameena Bank chairman T Kameswara Rao hailed the state government’s OTS initiative, which provides clear titles on beneficiaries properties under Jagananna Sampoorna Gruha Hakku scheme.

He informed that `11,75,000 is being given to four beneficiaries under the scheme and said there are about one lakh OTS beneficiaries in each district of four districts that are under the limits of the bank. He stated that the bank shall assist the OTS beneficiaries who approach the bank and provide loans. SLBC convenor V.

Brahmananda Reddy said the state government has been providing clear titles under Jagananna Sampoorna Gruha Hakku scheme beside

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