Punjab Cabinet Okays waiver of loans up to Rs.50,000 from SC/BC Corporations : Sodhi
Ferozepur, April 10, 2018: Fulfilling yet another of its poll promise, the Punjab government, led by Captain Amarinder Singh, is all set to waive off loans, up to Rs. 50000 each, taken from the Punjab Scheduled Castes Land Development and Finance Corporation (PSCLDFC) and Punjab Backward Classes Land Development and Finance Corporation (PBCLDFC). This information was provided by the MLA from Guruharsahai constituency Rana Gurmeet Singh Sodhi.
Rana Sodhi said that state cabinet paved the way for the waiver, which will benefit 15,890 people who had taken loans up to March 31, 2017, including those who had defaulted on their payments, an official spokesperson said. A total amount of Rs 52 crore will be waived off under the scheme.
In the case of Punjab Scheduled Castes Land Development and Finance Corporation, there are 14,260 beneficiaries eligible for loan waiver, with a total financial liability of Rs.45.41 crore. The total number of eligible beneficiaries in the case of Punjab Backward Classes Land Development and Finance Corporation is 1630 and the financial liability involved is Rs.6.59 crore he added.
Under the scheme, the beneficiaries would be issued no dues certificates only after the repay the balance amount, with interest, minus Rs. 50000 which the government has decided to waive off. The cut-off date would be March 31, 2017 for calculation of interest/penal interest.
