{"id":48867,"date":"2023-10-02T12:34:46","date_gmt":"2023-10-02T07:04:46","guid":{"rendered":"https:\/\/presskitaquat.com\/english\/?p=48867"},"modified":"2023-10-02T12:34:46","modified_gmt":"2023-10-02T07:04:46","slug":"punjab-government-released-an-amount-of-rs-25-crore-during-current-financial-year-to-clear-nmdfcs-outstanding-liabilities","status":"publish","type":"post","link":"https:\/\/presskitaquat.com\/english\/punjab-government-released-an-amount-of-rs-25-crore-during-current-financial-year-to-clear-nmdfcs-outstanding-liabilities\/","title":{"rendered":"PUNJAB GOVERNMENT RELEASED AN AMOUNT OF RS. 25 CRORE DURING CURRENT FINANCIAL YEAR TO CLEAR NMDFC’S OUTSTANDING LIABILITIES"},"content":{"rendered":"

Chandigarh, September 30 (Press Ki Taquat)<\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Punjab government, under the leadership of Chief Minister Bhagwant Singh Mann, is continuously working to uplift the economic status of the backward classes. In the year 2023-24, the Punjab government has disbursed Rs. 25 crore to resolve NMDFC’s outstanding liabilities.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Dr. Baljit Kaur, Minister of Social Justice Empowerment and Minorities, stated that the Punjab Backward Classes Land Development and Finance Corporation (BACFINCO) offers loans at low-interest rates for self-employment initiatives.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cabinet Minister mentioned that, due to the mounting liabilities of the National Corporation (NMDFC) since 2017, no term loans have been released since year 2017-18. She also noted that previous Government did not allocate any funds to clear these liabilities. In the year 2023-24 budget, the Punjab government has allocated Rs. 25 crore to settle NMDFC’s outstanding dues. The approval for disbursing this amount was granted by the Punjab government on September 29, 2023.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Dr. Baljit Kaur explained that through Backfinco, individuals from Minorities communities in Punjab can launch self-employment ventures in various fields such as dairy farming, poultry farming, beekeeping, beauty parlours, tailoring, general stores, electrical sales and repairs and more. Loans of up to Rs. 5 lakh will be provided at an annual interest rate of 6-8 percent. Additionally, under the Education Loan Scheme for Minorities students, loans of up to Rs. 20.00 lakhs for domestic education and up to Rs. 30.00 lakhs for overseas education in professional\/technical fields, graduation and further studies will be offered at an interest rate of 3-8 percent per annum.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0She mentioned that Backfinco, with the support of NMDFC, is dedicated to the welfare of minorities in Punjab.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Minister further stated that awareness camps will also be organized to ensure that as many individuals from the Minorities category as possible can benefit from this scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chandigarh, September 30 (Press Ki Taquat) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Punjab government, under the leadership of Chief Minister Bhagwant Singh Mann, is continuously working to uplift the economic status of the backward classes. In the year 2023-24, the Punjab government has disbursed Rs. 25 crore to resolve NMDFC’s outstanding liabilities. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Dr. Baljit Kaur, Minister of Social Justice Empowerment […]<\/p>\n","protected":false},"author":1,"featured_media":48868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"ARREARS HAVE BEEN PENDING SINCE YEAR 2017, WITH NO PROVISION MADE TO SETTLE THESE DUES BY PREVIOUS GOVERNMENT","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[9852,14176,1],"tags":[12050,23780,13708,25656,20267,4956,4818,3619,1720,4077,2138,3583,25459],"class_list":["post-48867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-cover-story","category-punjab","tag-aap-punjab","tag-latest-news-punjab","tag-latest-punjab-news","tag-live-news","tag-news-punjab","tag-punjab-government","tag-punjab-govt","tag-punjab-latest-news","tag-punjab-news","tag-punjab-news-today","tag-punjab-politics","tag-punjabi-news","tag-today-news-punjab"],"_links":{"self":[{"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/posts\/48867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/comments?post=48867"}],"version-history":[{"count":1,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/posts\/48867\/revisions"}],"predecessor-version":[{"id":48869,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/posts\/48867\/revisions\/48869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/media\/48868"}],"wp:attachment":[{"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/media?parent=48867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/categories?post=48867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/presskitaquat.com\/english\/wp-json\/wp\/v2\/tags?post=48867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}