To further uplift the economic status of the youth of theEconomically Weaker Section (EWS), the Punjab Government has decided todisburse loan worth Rs. 491.26 lakh to 289 youths at low interest rates forself employment.
Disclosing this here today, Social Justice, Empowermentand Minorities Minister Mr. Sadhu Singh Dharmsot said that Punjab BackwardCastes Land Development and Finance Corporation have set a target to distributeloan to 751 youth of EWS in tune of Rs. 1127.75 lakh during the year 2020-2021.He said that 279 youths have been provided Rs. 474.46 lakh as loan on lowinterest rate till date, and the process to provide this monetary assistance toothers is underway. Loans worth Rs.16.80 Lakh have been provided to 10 youngsters of EWS for self-employment atlow interest rate, the Minister added.
The Social Justice Minister said that the PunjabGovernment has handed over a loan in tune of Rs. 2436.74 lakh to 1459 poor BC,Minorities & EWS youths of the state during the last 4 years. Theseyoungsters have already started their businesses and earning livelihood forthem and their families.
Divulging about the efforts to seamless the process ofloan disbursement, he said that the district level screening committee has alsobeen revised to make the loan process easier.
Mr. Dharmsot said that the main objective of BCCorporation is to provide loan on low interest rate to Backward Castes andPersons with Disabilities (PwDs) for self-employment to set up dairy farms,grocery shops, shuttering work, timber trade and higher education loans tofurther boost up their financial position.