JALANDHAR: After writing off some farm loans,
Punjab chief minister
Amarinder Singh would now launch a
debt waiver scheme for economically weaker members of the scheduled castes and backward classes during a state-level function being held to mark the birth anniversary of B R Ambedkar on April 14.
Giving details,
Jalandhar deputy commissioner
Varinder Kumar Sharma said during the function, the CM would launch the scheme to waive off loans up to Rs 50,000 each, taken from the Punjab Scheduled Castes Land Development and Finance Corporation (PSCLDFC) and Punjab Backward Classes Land Development and Finance Corporation (PBCLDFC), by handing over cheques to eligible beneficiaries. He said in the function the beneficiaries from the entire Doaba region would take part.
DC
Sharma said under the scheme, the beneficiaries would be issued no-dues certificates after they repay the balance amount, with interest, minus Rs 50,000 which the government has decided to waive off. The cut-off date would be March 31, 2017 for calculation of interest/penal interest. He said both corporations grant loans to poor among the SCs and BCs.
Representative image
