The Punjab Government has reaffirmed its commitment to social and economic upliftment by allocating Rs 0.14 crore in loans to empower marginalized communities. This initiative, spearheaded by the Punjab Scheduled Castes and Persons with Disabilities Finance and Development Corporation, aims to provide financial support for self-employment and higher education opportunities.
Key highlights of the announcement include:
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The loans are targeted at individuals from Scheduled Castes aged 18 to 55 years, with an annual income of up to Rs 3 lakh.
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Persons with disabilities aged 18 to 60 years, with at least 40% disability, are also eligible for the scheme, irrespective of caste.
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The initiative focuses on promoting self-reliance through concessional loans, enabling beneficiaries to pursue entrepreneurial ventures or educational aspirations.
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The government emphasizes transparency and efficiency in the loan disbursement process, ensuring timely support for eligible applicants.
This move aligns with the Punjab Government's broader strategy to foster inclusivity and equal opportunities for all sections of society.
Sources: Jagratilahar, Babushahi.