Punjab hands over certificates for ₹67.84 crore loan waiver to SC and Divyangjan borrowers
Punjab Chief Minister Bhagwant Mann handed over loan waiver certificates in Amritsar on 8 June 2025 under a ₹67.84 crore waiver for 4,727 borrowers of the Punjab Scheduled Castes Land Development and Finance Corporation.
Summary
Punjab Chief Minister Bhagwant Mann handed over loan waiver certificates to beneficiaries at an event in Amritsar on 8 June 2025, under a ₹67.84 crore waiver approved by the state Cabinet on 3 June. The waiver covers all loans disbursed up to 31 March 2020 by the Punjab Scheduled Castes Land Development and Finance Corporation (PSCFC) to Scheduled Caste and Divyangjan borrowers, benefiting 4,727 loanees, including 4,685 defaulters and 42 regular loanees. The state government will issue No Due Certificates and reimburse the full amount, including principal, interest and penal interest calculated up to 30 April 2025, to the PSCFC. No recovery proceedings will be started against the loanees, whose accounts will be treated as fully settled.
Key facts
- Date/place
- 8 Jun 2025, Amritsar
- Amount
- ₹67.84 crore
- Beneficiaries
- 4,727 loanees (4,685 defaulting, 42 regular)
- Lender
- Punjab Scheduled Castes Land Development and Finance Corporation
- Loans covered
- Disbursed up to 31 Mar 2020
- Cabinet approval
- 3 Jun 2025
Practice MCQs 3 questions
What is the total amount of the loan waiver for SC and Divyangjan borrowers whose certificates Punjab handed over on 8 June 2025?
Show answer
Correct answer: B — ₹67.84 crore
The waiver totals ₹67.84 crore and benefits 4,727 loanees, with the full amount reimbursed by the state government.
Loans given by which institution are covered by the Punjab loan waiver whose certificates were handed over in June 2025?
Show answer
Correct answer: D — Punjab Scheduled Castes Land Development and Finance Corporation
The waiver covers all loans disbursed up to 31 March 2020 by the Punjab Scheduled Castes Land Development and Finance Corporation to SC and Divyangjan borrowers.
Punjab's ₹67.84 crore PSCFC loan waiver covers loans disbursed up to which date?
Show answer
Correct answer: D — 31 March 2020
The waiver covers all loans disbursed by the PSCFC to Scheduled Caste and Divyangjan borrowers up to 31 March 2020.