YSR AASARA

“YSR AASARA” under Navaratnalu, is a scheme for proving financial assistance to rural and urban poor women in Self Help Groups who availed bank finance to meet their all types of financial needs, by reimbursement of entire bank outstanding loan amount as on 11.04.2019 to the rural and urban SHG members in four instalments from the financial year 2020-21 through respective Welfare Finance Corporations. 

Objectives of YSR AASARA

The objective of the scheme is to reimburse the entire bank outstanding loan amount as on 11.04.2019 directly to the Groups Savings accounts of the SHG women in four instalments from financial year 2020-21 through the respective welfare Corporations. This will create access to enhanced livelihood opportunities, income generation and wealth creation at the household level, on a sustainable basis leading to better standards of living of poor SHG members both in rural and urban areas. 

Eligibility Criteria of YSR AASARA

Following is the eligibility criteria for YSR AASARA

• The total family annual income to be less than or equal to Rs. 2.50 lakhs.

• Beneficiaries should only have the wetland below 10 acres/ dry land below 25 acres/ or wetland and dry land under 25 acres.

• No family member should be a government employee or Government pensioner. The families of Sanitary workers are exempted.

• The students must have availed admission in the colleges / universities or institutes recognized in regular courses.

• B.Tech,B.Pharmacy,ITI,Polytechnic,B.Ed,M.Tech,M.Pharmacy,MBA,Other Degree/PG Courses (* For PG Courses only Government/University Colleges are eligible).

• The students enrolled in the following institutions are eligible:

  • Government or Government Aided

  • Private Colleges affiliated to State Universities / Boards.

  • Day scholar students, students in College Attached Hostels (CAH) and Department Attached Hostels (DAH)

• Aggregate attendance should be 75%

• A family who owns no property or less than 1500 sq. ft. of built-up area (Residential or Commercial) in urban areas is eligible

• No member of the family should own a four-wheeler (Taxies / Tractors/ Autos are exempted).

• No family member should be an income tax payee

• Students belonging to SC, ST, BC, EBC (other than Kapu), Kapu, Minority and Differently Abled categories are eligible.

• Both Male & Female Age should be depending on the Eligible of prescribed courses.

Ineligible Categories

• This scheme is not applicable to deemed and private varsities (Except for Government Quota).

• The scheme is not applicable to students studying through distance learning and correspondence courses.

• This scheme is not applicable to the student belonging to management and NRI quotas

Documents Required for YSR AASARA

Following documents are required for YSR AASARA.

• Aadhaar Card

• Rice Card / Income certificate

• College admission particulars

• Parents details

• Declaration of No Government Employee / Pensioner

• Non-taxpayer declaration / No Four-Wheeler / No Urban Property beyond 1500 Square feet / No agriculture land beyond the prescribed limit

Functionary Responsibility for Scheme Delivery

Rural: Society for Elimination of Rural Poverty (SERP) – Village Organisation Assistant (VOA), Community Coordinator (CC), Assistant Project Manager (APM), Area Coordinator (AC).

Urban: Mission for Elimination of Poverty in Municipal Areas (MEPMA) – Community Organiser (CO), City Mission Manager (CMM), Project Director (PD).

References

While crafting this guide, we have consulted reliable and authoritative sources, including official government directives, user manuals, and pertinent content sourced from government websites.

Navasakam Beneficiary Management