The YSR Zero Interest Scheme for Women Entrepreneurs is a government initiative that provides financial assistance to women entrepreneurs in Andhra Pradesh. Under this scheme, eligible women entrepreneurs can avail of loans up to a maximum amount of Rs. 10 lakhs without any interest. This loan amount can be used for various purposes such as starting a new business, expanding an existing one, or purchasing machinery and equipment required for the business.
The objective of this scheme is to encourage women entrepreneurship and empower them financially. The loan repayment period under this scheme is four years, and there is no collateral requirement for the loan amount below Rs. 2 lakhs. However, the borrowers have to provide collateral security worth double the loan amount if they borrow more than Rs. 2 lakhs from the scheme.