Goa cabinet waives Rs 3.2 cr interest on old loans availed by 500 ST and OBC beneficiaries

Cabinet waives Rs 3.20 cr loan interest for SC,OBC beneficiaries

NT Reporter Panaji The state cabinet Wednesday approved a waiver of Rs 3.20 crore in accumulated loan interest for 500 Scheduled Caste (SC) and Other Backward Classes (OBC) beneficiaries. Briefing media after the cabinet meeting, Chief Minister Pramod Sawant said the beneficiaries had opted for loans nearly 25 to 30 years ago from the Goa State SC and OBC Finance and Development Corporation, but failed to repay the principal amount and interest …

Goa cabinet waives Rs 3.2 cr interest on old loans availed by 500 ST and OBC beneficiaries

Panaji, Jan 7 (PTI) The Goa cabinet on Wednesday decided to waive the Rs 3.20 crore interest accumulated on loans availed by 500 beneficiaries belonging to the Scheduled Tribe and OBC categories around 30 years ago, and close cases pending against them with the Revenue department.These beneficiaries, however, will have to repay the loan principal."Around 500 people had procured loans, ranging from Rs 5,000 to Rs 10,000, from state-run SC-OBC Fin…

Goa Cabinet Waives Rs 3.2 Crore Interest for 500 ST, OBC Beneficiaries

Panaji: Goa cabinet on Wednesday waived off interest of Rs 3.20 crore to 500 Scheduled Tribe and Other Backward Classes (OBC) beneficiaries. Talking to reporters, chief minister Pramod Sawant said that around 500 people had procured a loan ranging from Rs 5,000 to Rs 10,000 from state run SC-OBC Finance Corporation, somewhere 25 to 30 years back. He said that since this loan was not recovered… Source

Goa Cabinet Waives Loan Interest For SC& OBC Beneficiaries - Goemkarponn

Team Goemkarponn Panaji: The Goa Cabinet today approved several key decisions aimed at financial relief, educational development, and cultural commemoration, Chief Minister Pramod Sawant announced. Under the loan relief measure, around 500 beneficiaries from the SC and OBC communities who had availed loans through the SC & OBC Corporation will now repay only the principal amount, ranging from ₹5,000 to ₹10,000, with the interest burden of ₹3.2 c…