Chandigarh, Jun 3: The Punjab Cabinet on Tuesday gave its nod to waive loans amounting Rs 68 crore taken by over 4,000 Dalit families from the Punjab Scheduled Castes Land Development and Finance Corporation, Chief Minister Bhagwant Mann said.

At a cabinet meeting chaired by Mann in Chandigarh, it was decided that debt accrued till March 31, 2020 will be waived. Addressing the media after the meeting, the chief minister said the state government will waive the debt incurred due to loans taken by Dalit families from the corporation for various purposes, including for opening shops, dairy farming, etc. The decision will benefit 4,727 beneficiaries, he said. Punjab Government Led by AAP CM Bhagwant Mann Approves Disbursement of INR 14,000 Crore in Arrears for Employees and Pensioners.

Mann said Finance Minister Harpal Sigh Cheema in his budget speech this March had promised to waive the debt. With the cabinet approval, the promise will now be fulfilled, he said. Punjab: CM Bhagwant Mann Hosts Board Toppers, Hails Village Students.

Cheema, who was also at the media briefing, said the debt would include the principal amount and any interest on it, including penal interest. It is a big relief for the SC community, he said. The minister said the debt had been pending for the past 20 years and added that neither the Congress nor the Akali Dal-BJP governments of the past cared for SC families when they were in power.