Punjab

Rs. 41.48 cr. debt of 10151 SC Youth waived off: Sadhu Singh Dharmsot

Rs. 41.48 cr. debt of 10151 SC Youth waived off: Sadhu Singh Dharmsot

CHANDIGARH, SEPTEMBER 12:

The Punjab Government has waived off Rs. 41.48 crore loans of10151 youth belonging  SC Community. This pro people move the state government has given big relief to the SC youth.

Disclosing this Mr. Sadhu Singh Dharmsot, Minister for Social Justice, Empowerment and Minorities informed that the Punjab government led by Captain Amarinder Singh has decided to waive off Rs. 50,000 each from all kinds of loans taken by the youth of the state for self-employment through the Scheduled Castes Development and Finance Corporation.

He said that SC Loans are provided by the Corporation to Scheduled Castes and Persons with Disabilities at low interest rates to run their self-employment. The recovery rate of taxes provided by the Corporation to the youth of the state at a lower interest rate is about 77%. He said that the youth of the State were finding it difficult to repay the loans taken forself employment due to failure of trade, death of beneficiary, no earner at home and circumstances arising out of Covid-19.

He said it has been decided to provide this loan relief to the youth to get them out of this problem.

Mr. Dharmsot pointed out that the Punjab government had earlier also waived off the loans of 14260 SC youth to the tune of 45.41 crore. He said that the State Government during last more than 4 years has given loans to the tune of 8202.26 lakh at smaller interest rates to 8662 SCs youth.

Also See:

newsonline

Recent Posts

Truecaller Earns Triple ISO Certification

Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to…

1 hour ago

E2E Networks Announces Strategic Partnership with L&T to Accelerate Cloud and AI Innovation for Indian Enterprises

E2E Networks, an Indian Cloud and AI Cloud provider has announced a strategic partnership with…

2 hours ago

DS Group’s Pulse Candy Unveils #ScreamForPulse Experience to Celebrate National Candy Day

Pulse Candy, a leading hard-boiled candy brand from the Dharampal Satyapal Group (DS Group), a…

3 hours ago

CII Announces Urban Air Mobility Expo 2025 with Hunch Mobility as the Strategic Partner

The Confederation of Indian Industry (CII), in strategic partnership with Hunch Mobility, is set to…

4 hours ago

How to optimise return potential with Bajaj Finserv Flexi Cap Fund: Tips for investors

Strategic investing is a long game. This is especially so for equity-oriented mutual funds, which…

4 hours ago

Bijnor Mahotsav: Celebrating Ramsar Site & The Art of Living’s Remarkable Role in Community-led Conservation

This November, Bijnor district marks a historic milestone - its 200th anniversary - with the…

4 hours ago