Thursday, Mar 28 2024 | Time 20:12 Hrs(IST)
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Business Economy


Dharmsot emphasizes easing of loan advancing process for self employment

Chandigarh, Dec 10 (UNI) Punjab Social Justice, Empowerment and Minorities Minister Sadhu Singh Dharmsot has emphasized the easing of loan advancing process for enabling the youth belonging to the backward classes, minorities and scheduled caste categories to start their own ventures.
In a meeting with the higher officers of the SC and BC Corporations here on Tuesday, the Minister said that now, the committee formed at the district level under the District Welfare Officer would be empowered to sanction various loans up to Rs one lakh and departmental orders would be issued soon. He directed the officers to frame proposal regarding waiving off the loans of those who are deceased.
Mr Dharmsot appealed to the youth of the state to derive maximum advantage from the welfare schemes of the state government with regard to the loans in order to start their own self employment ventures.
It is worth mentioning that as per the direct loan scheme, the BACKFINCO and SC Corporation provides loan ranging from Rs 50,000 to Rs one lakh at an interest rate of six per cent. This loan can be availed to start ventures for dairy farming (3-5 animals), poultry farming, growing vegetables, honey bee keeping, carpentry/furniture/blacksmith ventures, flour mill, auto-rickshaw (passenger/freight carrying) and general store (karyana/cattle/poultry feed) etc. It is necessary to fulfill main criteria of BACKFINCO and SC Corporation to avail the loans.
UNI DB SHK1804
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