Medak: Subsidised loans for BC families affected by Covid19

Loan applicant’s income must be less than Rs 3 lakh

Medak: National Backward Corporation and Development Corporation will extend support to families that had lost their breadwinner to Covid-19.

In a press statement here on Thursday, District Backward Classes Development Officer (DBCDO) Jagadish said they will extend 20 per cent subsidy besides facilitating loan up to Rs 5 lakh if they were willing to set up any business unit.

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He said the loan applicant’s income must be less than Rs 3 lakh. Stating that the Union government was extending the benefit under the Smile scheme, Jagadish asked such families to apply at his office before June 26.

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