YSR Aasara Scheme: Jagan Mohan Reddy-led Government Provides Rs 19,178 Crore to Empower Women.

The government of Andhra Pradesh, led by Chief Minister Y.S. Jagan Mohan Reddy, is set to distribute Rs 6,419.89 crore to 78,94,169 women beneficiaries from 7,98,395 Self Help (Dwacra) Groups for the third consecutive year. 

The funds will be distributed during the YSR Aasara funds release programme, which will be held in Denduluru, Eluru district. This is part of the government's initiative to provide financial assistance to women who are members of self-help groups.

The total assistance provided by the present government under YSR Aasara so far has been Rs 19,178 crore, including the current offer of Rs 6,419.89 crore. This initiative was taken by the government in response to the previous government's failure to fulfill its promise of paying women on behalf of the self-help groups, leaving them with debts of Rs 78.94 lakh.

The Jagan Mohan Reddy-led government had promised in its 2019 poll manifesto that it would pay off the debt of Rs 25,571 crore. This was done in two installments of Rs 12,758 crore, which has helped to reduce non-performing assets (NPAs) from 18.36% to 0.45% with a 99.5% recovery. This has enabled self-help groups to move up from C and D grades to A grade.

Under the previous government, the zero interest scheme was cancelled, and as a result, the debts piled up. Approximately Rs 3,036 crore of interest turned into a burden for the women, and NPAs increased to 18.36%. However, with the reintroduction of the YSR Asara and YSR Zero Interest schemes, the situation has improved, and the faces of the women are now smiling again.

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The government is taking steps towards making every elder sister a millionaire, with the aim of promoting welfare, self-reliance, and empowerment among elder sisters. 

This scheme will further promote women's empowerment and contribute to the economic advancement of poor women in rural and urban self-help groups. CM Jagan Mohan Reddy has brought this scheme with the intention of promoting the economic development of women and making their families happy.

The scheme has been implemented with the idea of bringing more light into the lives of women, bringing stable income to their families, using this money for business and livelihood opportunities, and becoming millionaires.

So far, 9,86,616 women have taken up businesses such as grocery stores, cow, buffalo, sheep, goat rearing, and textile trade with the support provided by the Jagan government in cooperation with corporate institutions and banks, and they are getting additional income ranging from Rs 7,000 to Rs 10,000.

The distribution of funds to women beneficiaries has been welcomed by many, as it provides much-needed financial assistance to women who are members of self-help groups.

 The scheme is expected to contribute significantly to the economic development of women in Andhra Pradesh, promoting their empowerment and improving their living standards.

Overall, the YSR Aasara scheme is an excellent initiative by the Andhra Pradesh government to promote the economic development of women in the state. It is a clear demonstration of the government's commitment to promoting the welfare of women and empowering them to become financially independent. 

With the continued support of the government, women in self-help groups will be able to build successful businesses and improve their standard of living, contributing to the overall economic growth of the state.