{"id":14339,"date":"2024-06-14T15:58:31","date_gmt":"2024-06-14T15:58:31","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=14339"},"modified":"2024-06-14T15:58:31","modified_gmt":"2024-06-14T15:58:31","slug":"under-the-direct-loan-scheme-run-by-the-punjab-scheduled-castes-land-development-and-finance-corporation-the-income-limit-for-borrowing-has-been-raised-from-rs-one-lakh-to-rs-three-lakhs","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/under-the-direct-loan-scheme-run-by-the-punjab-scheduled-castes-land-development-and-finance-corporation-the-income-limit-for-borrowing-has-been-raised-from-rs-one-lakh-to-rs-three-lakhs\/","title":{"rendered":"Under the direct loan scheme run by the Punjab Scheduled Castes Land Development and Finance Corporation, the income limit for borrowing has been raised from Rs one lakh to Rs three lakhs."},"content":{"rendered":"

The has extended the powers to sanction loans up to Rs one lakh to the district managers of the corporation at the district level for the expeditious disposal of debt cases for the convenience of people.<\/p>\n

the main objective of the Corporation is to provide low interest rate loans to the Scheduled Castes and persons with disabilities for self-EMPLOYMENT<\/a> occupations such as Dairy<\/a> farms, grocery shops, clothing shops, shuttering work, lumbering, higher Education<\/a> loans, so that their economic status can be raised and they can be lifted out from the POVERTY<\/a>-line”>Poverty Line<\/a>.<\/p>\n

The Minister further said that the Corporation has provided financial assistance of Rs 2,293.73 lakh to 2,116 beneficiaries even during the difficult times of COVID-19 during the current financial year 2021-2022. The Corporation had set a target of disbursing Rs 40 crore to 1,400 borrowers, under which loan-subsidy of Rs 624.81 lakh has been disbursed to 562 beneficiaries so far.<\/p>\n

Punjab Government during its tenure of almost four years has extended loans of Rs 8,066.23 lakh to 8,590 eligible and needy SC youth. In addition, the State Government has given huge relief to the debtors by waiving the debts of 14,260 beneficiaries amounting to Rs 4,540.80 lakh.<\/p>\n","protected":false},"excerpt":{"rendered":"

The has extended the powers to sanction loans up to Rs one lakh to the district managers of the corporation at the district level for the expeditious disposal of debt cases for the convenience of people. the main objective of the Corporation is to provide low interest rate loans to the Scheduled Castes and persons … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1054],"class_list":["post-14339","post","type-post","status-publish","format-standard","hentry","category-punjab","tag-29-07-21"],"yoast_head":"\nUnder the direct loan scheme run by the Punjab Scheduled Castes Land Development and Finance Corporation, the income limit for borrowing has been raised from Rs one lakh to Rs three lakhs. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/under-the-direct-loan-scheme-run-by-the-punjab-scheduled-castes-land-development-and-finance-corporation-the-income-limit-for-borrowing-has-been-raised-from-rs-one-lakh-to-rs-three-lakhs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Under the direct loan scheme run by the Punjab Scheduled Castes Land Development and Finance Corporation, the income limit for borrowing has been raised from Rs one lakh to Rs three lakhs.\" \/>\n<meta property=\"og:description\" content=\"The has extended the powers to sanction loans up to Rs one lakh to the district managers of the corporation at the district level for the expeditious disposal of debt cases for the convenience of people. the main objective of the Corporation is to provide low interest rate loans to the Scheduled Castes and persons ... 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