AP Govt’s New Scheme: ₹1 Lakh Loan for DWCRA Women to Support Children’s Education

The Government of Andhra Pradesh has announced a major relief for DWCRA women, introducing a new scheme that offers loans up to ₹1 lakh to support their children’s education—from KG to PG.

Highlights

• Financial support through loans up to ₹1,00,000
  
  
• Implemented under NTR Vidya Sankalpam Scheme
  
  
• Managed by Stree Nidhi Cooperative Credit Federation (SERP)
  
  
• Applicable for students from KG to PG in both government and private institutions
  
  
• Very low interest rate of 35 paise per ₹100
  
  
• Repayment period: 24–36 months
  
  

Scheme Features

• Loans can be availed for:
  
  
• Tuition fees
  
  
• Books & uniforms
  
  
• Technical education expenses
  
  
• Even for purchasing a bicycle for children studying far from home
  
  
• Loan amount ranges from ₹10,000 to ₹1,00,000 per student
  
  
• The scheme is supported by annual budget allocation of ₹200 crore
  
  
• Beneficiaries must submit bills/proof of expenditure to Velugu staff after using the loan
  
  

Implementation

• The loans will be provided through Stree Nidhi Cooperative Credit Federation Ltd.
  
  
• Women’s Self-Help Groups (SHGs) can apply for loans on behalf of their children
  
  
• Applications are being accepted district-wise through Velugu offices
  
  

Repayment Terms

• Flexible repayment with monthly installments
  
  
• Duration: 2 to 3 years (24–36 months)
  
  
• Designed to avoid burdening poor families while ensuring continuous education
  
  

Government’s Vision

This scheme aims to ensure that no child drops out of school or college due to financial issues. Special emphasis is given to rural poor families and women SHG members, enabling them to provide quality education to their children.