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Be regular in paying back loaned money: Sh. Balbir Ram Rattan

Reminding the loanees that they should be regular in depositing the monthly instalments of the loan availed by them from Jammu and Kashmir Scheduled Castes, Scheduled Tribes & Backward Classes Development Corporation Limited, its Vice-Chairperson, Balbir Ram Rattan, stressed upon them to utilize the money in proper way without wasting any time.

Balbir Ram Rattan stated this while handing over of Payment Authority Letters (PALs) to the beneficiaries of the Target Groups at Corporation Head office, Jammu, in presence of Divisional Manager Gulam Qadir Khatana, Manager Projects Mohammed Iqbal Kataria and Jammu District Manager Joginder Pal Atri.

The Vice Chairperson advised these fresh loanees that they should immediately set up their units by making the judicious use of the financial assistance taken by them from the Corporation so that they are in a position to start earning, stand on their own, and in a position to deposit the monthly instalments on time. He also stressed upon them to educate other unemployed males and females around them to take benefits of the welfare schemes of the Corporation meant for Scheduled Castes, Scheduled Tribes, Backward Classes, National Level Notified Minorities, Physically Disabled Persons, Safai Karamcharis etc.

‘For each of these categories, the funds are provided by the State government and the union government through its Apex Corporations’, Balbir said and added that the beneficiary have to contribute margin money.

Balbir Ram Rattan further asked them that failing to deposit the monthly instalments may not be healthy as the amount to be paid back will obviously go up.