Punjab SC / BC Loan waiver scheme for Scheduled Caste, Backward Classes Started by CM Charanjit Singh Channi

Dear readers, current serving chief minister Charanjit Singh Channi on 11 December 2021 started Punjab SC / BC Loan Waiver Scheme. This scheme will waive off loans of people from scheduled castes and backward classes in Punjab state. Under the scheme, an amount up to Rs. 50,000 borrowed from Punjab Scheduled Castes and Backward Classes Land Development Finance Corporation will be waived. You must read this article till the end to know more about this Punjab state sc/bc loan waiver scheme.

Punjab SC / BC Loan Waiver Scheme 2021

CM Channi started first phase of Punjab SC / BC Loan Waiver Scheme. The loan waiver certificates will be distributed across the state to all the beneficiaries during the special functions by the ministers and MLAs, Channi said. Main features of Punjab SC / BC loan waiver scheme are

• Loans taken by SC category people (upto Rs. 50000) from Punjab Scheduled Castes Land Development & Finance Corporation will be waived off. 
• Loans taken by BC category people (upto Rs. 50000) from Punjab Backward Classes Land Development and Finance Corporation (Backfinco) will be waived.

1st Phase of Punjab SC/BC Loan Waiver Scheme

During the 1st phase, the loan waiver certificates of Rs. 41.48 crore of the scheduled castes and Rs. 20.98 crore of the backward classes were handed over to the beneficiaries on 11 December.

Punjab Scheduled Castes Land Development & Finance Corporation Loan Application Form

Channi said "Punjab Scheduled Castes Land Development Finance Corporation provides loans to the needy persons in order to raise their economic standard." To take a loan, one has to download loan application form PDF from the official pbscfc.punjab.gov.in website. 

• Link for downloading loan application form 1 - pbscfc.punjab.gov.in/sites/default/files/bank_tieup_scheme_form.pdf
• Link for downloading loan application form 2 - pbscfc.punjab.gov.in/sites/default/files/CORPORATION-1-6%20PAGES.PDF

Punjab Backward Classes Land Development & Finance Corporation Loan Application Form

Channi said "Punjab Backward Classes Land Development Finance Corporation provides loans to the needy persons in order to raise their economic standard." To take a loan, one has to download loan application form PDF from the official backfinco.punjab.gov.in website. 

• Check how to get loan - backfinco.punjab.gov.in/?q=node/24 
• Eligibility criteria for backfinco loan - backfinco.punjab.gov.in/?q=node/25
• Check backfinco loan schemes - backfinco.punjab.gov.in/?q=schemes

The corporation provides loans at easy interest rates to the people belonging to the Scheduled Castes category, backward classes, economically weaker sections and others for setting up self-employment ventures.