Punjab waives Rs 41 crore debt of 10K SC youths

Tribune News Service

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Chandigarh, September 12

Punjab has waived loans of 10,151 youths belonging to the SC community, amounting to Rs 41.48 crore.

Sadhu Singh Dharamsot, Minister for Social Justice, Empowerment and Minorities, said the government led by Capt Amarinder Singh had decided to waive various loans taken from the Scheduled Castes Development and Finance Corporation.

Loans, he said, were provided by the corporation to Scheduled Caste persons with disabilities at low interest rates for the purpose of self-employment, who were now finding it difficult to repay the money due to “failure of trade, death of beneficiary, no earner at home and circumstances arising out of the Covid-19 pandemic.” The minister said it had been decided to waive loans up to Rs 50,000 taken by the SC youths.