Chief Minister Employment Generation Programme is set to start here in Palamu.
DC, Palamu, Shashi Ranjan, said that they have sent a list of 246 applicants for loan under this programme to two corporations in Ranchi that deal with scheduled caste and scheduled tribe along with OBC loan affair.
District welfare officer Subhash Kumar said among those listed for loans under this programme are 138 scheduled caste people, 26 scheduled tribe, 80 OBC and 2 from the physically handicapped ones.
Ranjan said that they have asked block level officers to make the Chief Minister Employment Generation Programme a household name. Sources said not many know about it and those who know are hesitant about the loan under this programme.
He said for Rs 50,000 loan under this programme there is no guarantor required nor has it any more hassle. District welfare officer Subhash Kumar said they believe the programme will help people to start earning.
He said they are getting applications for the loan under this programme from as far a place as Chak and even from most depressed pockets of Bhuiyans. The loan under this programme starts with Rs 50,000 and its upper cap is Rs 25 lakh.
For one lakh rupees loan and above guarantor is mandated and the guarantor be a government servant or a reputed income tax payer.
Kumar said that they are ensuring that disbursement of loans under the programme goes off smoothly. Asked that getting loans from the banks mean lot of pains and expenses Kumar said we will present a happy loaning.
He said the borrowers should repay the loan in time so as to avail the benefit of the subsidy as even a month's default in repayment of loan will deprive the borrower of the benefit of the subsidy.