Forgive the amount of 50-50 thousand out of the loans taken by the youth for self-employment
CHANDIGARH: The Punjab Government has given a huge relief to the backward class and economically weaker sections by waiving a debt of Rs. 20.98 crore to 4702 debtors. Sadhu Singh Dharamsot has done it. Dharamsot said that Punjab Backward Classes Land Development and Finance Corporation (Backfinco) was providing loan relief of up to Rs. 50,000 to Rs. Debt relief to the economically weaker sections, backward classes and minorities of the Corporation.
ऑटो इम्यून बीमारियां क्या होती है और उनको ठीक करने के आसान उपाय … || Dr. Amar Singh Azad ||
Dharamsot said that 222 from Amritsar, 102 from Barnala, 260 from Bathinda, 317 from Faridkot, 206 from Fatehgarh Sahib, 156 from Fazilka, 249 from Ferozepur, 267 from Gurdaspur and Pathankot, 90 from Hoshiarpur, 125 from Jalandhar and 206 from Kapurthala. 347 of Ludhiana, 101 of Moga, 226 of Sri Muktsar Sahib, 325 of Mansa, S. B. S. Nagar 122, Patiala 538, Rupnagar 212, S.A.S. Debt relief has been provided to the youth of 147 districts of Nagar, 186 districts of Sangrur and 298 districts of Tarn Taran. The Minister for Social Justice said that the Punjab Government had set up Backfinco in the year 1976 with a view to uplift the economic status of the backward classes and economically weaker sections of the state.
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To this end, Backfinco provides low interest rate loans for self-employment of youth belonging to the Sikh, Muslim, Christian, Parsi, Buddhist and Jain communities. It is worth mentioning that Backfinko is providing loans under self-employment schemes to help the backward classes and the economically weaker sections to become self-reliant. It is not possible to recover these debts due to the absence of any other earner in the household, any other member of the beneficiary’s household having a long illness or any other source of income or being a victim of any natural calamity. Due to this, the income of the borrowers has gone down due to the adverse impact on their business.
-NAV GILL
