Schemes for benefit of ex-servicemen


The State government is providing several schemes for the benefit of ex servicemen and their widows, said District Sainik Welfare Officer G. Satyanandam.

Under the Prime Minister Self Employment Scheme, the government will provide loans ranging between Rs.5 lakh and Rs.25 lakh from banks.

The government will give 25 to 35 per cent subsidy on the loan and the beneficiaries should bear five per cent of the investment cost.

‘Paavala vaddi'

The government was giving ‘paavala vaddi' (25 paise interest) loans to ex-servicemen for the last two years. Beneficiaries intending to do agriculture, launch Small Scale Industries can get Rs.5 lakh loan at 25 paise interest.

Interested retired Army, Navy and Airforce staff are requested to avail the opportunities, said Mr.Satyanandam.

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Printable version | Oct 21, 2017 9:05:14 AM |