While sharing the welfare schemes of J&K Scheduled Castes, Scheduled Tribes and Backward Classes Development Corporation Limited for minorities in the State with the unemployed youth belonging to Muslim and Sikh communities, the Corporation Vice Chairperson, Balbir Ram Rattan, stressed upon them to avail the benefits of loan facilities and set up their own earning units as per their ability and capability.
Interacting with these youth at Srinagar, Balbir Ram Rattan, told them that the Corporation provides financial assistance to the poor and needy unemployed people belonging to different reserved categories, including the Minorities as notified at National Level, Safai Karamcharis and physically disabled classes so that they can set up their income generating units and earn livelihood in a dignified manner. He said that the rate of interest on different categories of loan under Corporation is much lower than banks. The amount for loan ranges from fifty thousand to thirty lakh, depending upon the nature of the unit to be established by the beneficiary.
Balbir further told them that the Corporation has its offices in all the 22 districts of the State and anyone who wants to apply for the loan has not to travel long to the capital cities of Jammu or Srinagar but their nearest District office would cater to the queries and District Manager would guide them in completing the related formalities.
“The Corporation is always at the service of the unemployed people of the state and whatever guidance or information is required by the loan aspirants is provided at local level”, Balbir said and added that the Educational Loan facility is also provided by the Corporation to the minorities as well as other reserved categories.