Women receive interest waiver on loans from Haryana Women Development Corporation Ltd
The Haryana government has decided to waive interest on female beneficiaries who receive loans from Haryana Women Development Corporation Ltd under the One Time Settlement Scheme. have recorded.
Under this program, interest will be waived for female beneficiaries who pay the entire outstanding principal amount as of March 31, 2019 in a single installment or in six installments by June 1, 2022.
In releasing the information on Friday, a company spokesman said the benefit under the “one-off run-off program” would be granted to women upon payment of the outstanding principal balance.
The benefits of this program can be claimed until June 1, 2022. If the outstanding principal is paid in a single installment or in installments over six months, the beneficiary women are entitled to a 100 percent interest reduction.
He said the benefit of the rebate would be granted to the borrower at the time of payment of the final installment of the outstanding principal. In the future, beneficiaries of this scheme will only be able to take out another loan after a pause of at least a year, the spokesman added.
He said that this rule is to be valid for six months and that after the period of validity of the rule has expired, no claims may be made for any reason or under the pretense of litigation or arbitration.
All female beneficiaries were encouraged to get the maximum benefit from this program. Haryana Women Development Corporation Ltd head office can be contacted for further information in this regard.