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Chairman BACKFINCO Appeals to Punjab Youth to Utilize Low-Interest Loan Schemes for Self-Employment

Jai Singh by Jai Singh
February 17, 2025
in Chandigarh, Punjab, Top Stories
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Sandeep Saini Urges Backward Classes and Minority Communities to Benefit from Punjab Government's Welfare Schemes

Sandeep Saini Urges Backward Classes and Minority Communities to Benefit from Punjab Government's Welfare Schemes

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Chandigarh, February 17

The Punjab Backward Classes Land Development and Finance Corporation (BACKFINCO) Chairman, Mr. Sandeep Saini, has urged the youth of Punjab who have been deported from abroad to take advantage of the low-interest loan schemes provided by BACKFINCO. He emphasized the importance of these schemes in helping them establish their employment within the state. In his statement, Mr. Saini also expressed strong disapproval of the treatment meted out to the deported youth, who were sent back from America in handcuffs, and condemned the decision to land the plane in Punjab.

Mr. Saini highlighted that, under the leadership of Social Justice, Empowerment, and Minorities Minister Dr. Baljit Kaur, BACKFINCO is dedicated to offering low-interest loans to support self-employment initiatives. He said that these schemes aim to uplift the economic standards of backward classes, economically weaker sections, and minority groups, including Sikhs, Muslims, Buddhists, Jains, and others in the state. He urged the youth to prioritize local employment opportunities over the pursuit of opportunities abroad and encouraged them to reach out to the field offices of BACKFINCO located in all districts for assistance in establishing their employment.

Referring to the efforts being made by the Punjab government under the leadership of Chief Minister Bhagwant Singh Mann to provide employment opportunities to the youth, Mr. Saini said that over 50,000 jobs have been provided to the youth in the past three years, and the state government is committed to creating thousands more jobs in the coming days. Mr. Saini also criticized the Union government, alleging that it is attempting to tarnish Punjab’s image by deporting youth from America, including individuals from other states such as Gujarat and Haryana, to Punjab.

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