Punjab Chief Minister Bhagwant Singh Mann announced on Sunday that the state government is dedicated to the welfare of the weaker and underprivileged sections of society, emphasizing its commitment to leave no stone unturned in its efforts.

Speaking at an event for distributing loan waiver certificates, the Chief Minister highlighted the government’s mission to empower the common man. He stressed that the administration is using its authority to assist those in need and is determined to maximize the welfare of all societal segments.

He pointed out that previous governments often waived loans for the affluent while neglecting the poor. For the first time in Punjab’s history, this relief has been extended to the underprivileged. Mann noted that funds from the state budget have been specifically allocated for public welfare, ensuring that every penny is spent for the benefit of the citizens.

Education is a top priority for his government, according to Mann, who recognized its vital role in uplifting marginalized communities. “Education is the key to every individual’s success, and we will not hold back in providing quality education for every youth in the state,” he said, adding that there are adequate funds to enhance the education system.

Such initiatives aimed at public empowerment were uncommon under previous administrations, he remarked. Now, with a fresh era of governance, the government is introducing community-focused programs and creating job opportunities for the youth. Mann described these efforts as a glimpse of a “Rangla Punjab,” highlighting the joy brought about by transformative actions.

He announced a total loan waiver of ₹67.84 crore benefiting approximately 4,800 families, covering loans issued up to March 31, 2020, by the Punjab Scheduled Castes Land Development & Finance Corporation (PSCFC). This initiative extends significant relief to Scheduled Caste and Divyangjan borrowers, encompassing 4,727 individuals—4,685 of whom are defaulters, along with 42 regular borrowers.

“No Dues Certificates” (NDCs) will be issued to the beneficiaries, and the entire amount of ₹67.84 crore—including principal, interest, and penalties calculated as of April 30, 2025—will be reimbursed to PSCFC by the state. Notably, even those who have benefitted from past waiver schemes can take advantage of this initiative. Following the waiver, no recovery actions will be taken, and accounts will be deemed fully settled by the specified cut-off date.

According to the 2011 Census, Scheduled Castes make up 31.94 percent of Punjab’s population. Many in this community sought PSCFC loans for self-employment to enhance their economic conditions but faced challenges that made repayment difficult due to health issues, loss of income, or other crises. This waiver aims to provide relief to 4,727 underprivileged SC and Divyangjan beneficiaries, distributing ₹30.02 crore in principal, ₹22.95 crore in interest, and ₹14.87 crore in penal interest.

Mann expressed that this initiative would help restore dignity to these families, enabling them to lead more honorable lives. “This is more than just a loan waiver—it’s about restoring dignity, delivering justice, and offering a fresh beginning,” he stated. Beneficiaries will now have the opportunity to invest their financial resources in productive endeavors and family support.

He emphasized that recovering loans from families facing dire circumstances, such as the death of the primary earner or chronic illness, would be unjust, leading the government to decide on the waiver. Mann reaffirmed that the Aam Aadmi Party (AAP) government remains committed to fulfilling its promises.