Vasavi Self Employment Scheme
Self Employment Scheme was introduced in the year 2004-05 to Provide Self Employment to Economically backward families with Rs.20,000/- as Interest free loans to start Business/to improve their existing business. The above loans are Provided with the Financial help of GMR Varalakshmi Foundation; Vankadara Vasudeva Rao, Ratnakumari, Dharmika, Nidhi, Crane Foundation, Sidda Surya RrakashRao foundation & Kallepalli Chalapathi Rao, Swayam Samvruddhi Scheme.In addition to this Vasaviclubs are extending Self Employment by providing sewing Machines, wet Grinders & Financial assistance to the needy. From 2020, the loan amount of Rs.20,000/- has been increased to Rs.25,000/-.
Clubs can apply for Self Employment Scheme in Form No. 1019 along with photo and ID Proof of applicant. The Club President, Secretary, Treasurer & Project Chairman should stand as guarantors for the loanees. The beneficiaries should submit self cheques along with Application Itself are to be recommended by Governor, taking into consideration of the Service Activities / Performance of the respective Clubs. Cheques will be sent in the name of beneficiaries through clubs.