SRINAGAR: The Jammu & Kashmir Scheduled Castes (SC), Scheduled Tribes (ST) and Backward Classes (BC) Development Corporation Limited disbursed loans to the tune of Rs 35.75 lakh among 15 beneficiaries here Wednesday.
Corporation’s Managing Director R. K. Bhat informed that the loan amount was sanctioned and disbursed to 15 unemployed persons of target groups including six beneficiaries of scheduled tribes, five beneficiaries of Safai Karamcharis, one beneficiary of Notified National Minorities, and two beneficiaries under Handicapped categories for establishing their income generating units.
Bhat said that the Corporation has made various simplifications in the loaning documentations and has made a tremendous improvement during last two months in the recovery of a loan from the willful chronic defaulters besides has issued 225 NDCs to the defaulters who have liquidated their outstanding dues.
Further, it was said that Corporation has already offered ‘One Time Settlement’ schemes to its defaulters to settle their dues amicably which is operational up to ending December 2018.
The Managing Director asked the defaulters to avail the benefit of the ‘One Time Settlement’ scheme and clear their outstanding dues to avoid any legal action.