The loan amount for the women belonging to economically weaker section (EWS) of the society has been increased from Rs. 10,000 to Rs. 40,000 by The Chandigarh Child and Women Development Corporation.
UT Home Secretary, Krishna Mohan in a statement made public said that the loan would be given at a nominal interest ranging from 4 per cent to 6 per cent per annum.
He said that with the increase of the loan limit, it is expected that there will be increase in the number of beneficiaries and would also be a great help to those beneficiaries who wanted to start their own work and needed more finances but were finding the limit of Rs. 10,000 quite less.
Home Secretary also revealed that the corporation has formulated a policy of one time settlement by waiving off 100 per cent penal interest to those beneficiaries who are interested to settle their account finally under one time settlement scheme.
Mohan also stated that this decision has been taken after doing the research, found that the bankers were sanctioning 50 per cent of the total loan cases sponsored by the corporation in a year resultantly the prospective applicants had to face difficulty in starting their economic activity.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment