The Government of Haryana has decided to waive the interest of women beneficiaries who have taken out loans from the Haryana Women Development Corporation Ltd under the One Time Settlement Scheme.
Under this scheme, interest will be waived for female beneficiaries who pay the full principal amount outstanding as of March 31, 2019, in one installment or in six installments until June 1, 2022.
While giving the information on Friday, a spokesperson for the Society said that the benefit under the “single settlement plan” would be granted to women after payment of the outstanding principal amount.
The benefit of this program can be used until June 1, 2022. If the outstanding principal amount is paid in one installment or in installments within six months, female beneficiaries will be entitled to a 100% discount on interest.
He specified that the benefit of the rebate would be granted to the borrower at the time of payment of the last installment of the principal amount remaining due. Beneficiaries of this program can only take out another loan in the future after an interval of at least one year, the spokesperson added.
He stated that this scheme will be valid for six months and that no claims will be entertained after the expiration of the period of validity of the scheme for any reason or under the guise of legal action or arbitration. .
All women beneficiaries were called upon to make the most of this mechanism. For more information in this regard, the head office of Haryana Women Development Corporation Ltd can be contacted.