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Sh. Balbir Ram Rattan hands over subsidy letters to BCs in Srinagar

Vice Chairperson of Jammu & Kashmir Scheduled Castes, Scheduled Tribes and Backward Classes Development Corporation Limited, Balbir Ram Rattan, handed over the subsidy component release letters among the loan beneficiaries under Bank Tie Up Scheme for the upliftment of weaker sections of society belonging to Backward Class Community.

In a simple programme at Srinagar on Tuesday, Balbir Ram Rattan, along with Divisional Manager Arshad Majid, District Manager, Srinagar, Arif Haleem Khan and Divisional Accountant, Kashmir, Babar Bashir Wani, handed over these letters to unemployed youth for the establishment of employment cum income generating units in Nowhatta, Batmaloo and Naikpora areas of Srinagar District.

The SCs, STs & BCs Development Corporation Limited has sponsored these beneficiaries to their Service Area Banks for providing financial assistance with loan subsidy being released by the Corporation in favour of the loanees, who will be setting up of units of Aari Work, Cutting & Tailoring, Copper Designing and Karyana Shop.

Balbir Ram Rattan, while interacting with these unemployed youth, advised them to make proper use of the loan availed by them and also educate others to not sit idle but apply for financial assistance from the Corporation and become self earning by setting up of small business units as per their ability and comfort. He said that the doors of the Corporation are always open for the poor and needy unemployed males and females belonging to the Scheduled Castes, Scheduled Tribes, Backward Classes, Minorities, Safai Karamchari and Handicapped categories and who are above 18 years of age. He also stressed upon the loanees to be regular in paying back monthly installments of the money taken in the form of financial assistance by them from Banks or Corporation.