Chandigarh, January 28, 2026 (Yes Punjab News)
Punjab Backward Classes Land Development and Finance Corporation (BACKFINCO) provides low-interest loans to individuals belonging to backward classes, economically weaker sections, and minority communities in the state. These loans are meant to help them establish self-employment ventures and to assist students in pursuing higher education in India and abroad.
Disclosing this here today Shri Sandeep Saini, Chairman of BACKFINCO, stated that the Punjab Government is making constant efforts for the upliftment of backward classes, minority communities, and economically weaker sections.
Mr. Saini further informed that under the National Minorities Development (NMD) Scheme, during the financial year 2025–26, from 1st April, 2025 to 31st December, 2025 BACKFINCO provided loans worth ₹8.25 crore to 256 beneficiaries from minority communities in Punjab (Sikh, Muslim, Christian, Parsi, Buddhist, and Jain).
He appealed to the youth of Punjab from backward classes, minority groups and economically weaker sections to contact BACKFINCO to start self-employment.
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