Process eased, poor to get govt loan of up to ` 3L in 15 days

The Times of India (New Delhi edition) - - Times City - TIMES NEWS NET­WORK

New Delhi: The marginalis­ed sec­tions of so­ci­ety will now be able to take loan from Delhi gov­ern­ment’s fi­nance cor­po­ra­tion quickly and with­out much has­sles. The board of di­rec­tors of the Delhi SC/ST/OBC/Mi­nori­ties and Hand­i­capped Fi­nance De­vel­op­ment Cor­po­ra­tion (DSFDC) gave ap­proval to a slew of mea­sures to sim­plify the process to avail loan from the body.

A state­ment is­sued by Delhi gov­ern­ment’s SC/ST wel­fare depart­ment said the gov­ern­ment in­sti­tu­tion will now process the loan up to Rs 3 lakh within 15 work­ing days, in­stead of 45 days. The fi­nan­cial in­sti­tu­tion will try to dis­burse the loan amount of up to Rs 40,000 to street ven­dors the same day of re­ceiv­ing the ap­pli­ca­tion. The de­ci­sion was taken at the 159th board meet­ing of DSFDC un­der the chair­man­ship of SC/ST wel­fare min­is­ter Ra­jen­dra Pal Gau­tam.

The cor­po­ra­tion is a state-level in­sti­tu­tion for fi­nanc­ing, fa­cil­i­tat­ing and pro­mot­ing the eco­nomic de­vel­op­men­tal ac­tiv­i­ties for all-round de­vel­op­ment and eco­nomic up­lift of the mem­bers of Sched­uled Castes/ Sched­uled Tribes/ Other Back­ward Classes, mi­nori­ties, safai karam­charis and hand­i­capped who are liv­ing be­low the poverty line in the na­tional cap­i­tal.

In case of ap­pli­ca­tion for a loan of more than Rs 2 lakh, the guar­an­tor will have to give an un­der­tak­ing in place of post­dated cheques.

The board also de­cided to open a new branch of the in­sti­tu­tion in south Delhi and the fi­nan­cial schemes of­fered by the in­sti­tu­tion will be pub­li­cised to help more peo­ple of the marginalis­ed com­mu­ni­ties.

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