We will bring Microfinance Schemes for Backward Classes and Cottage Industries! - 02/02/2007

Jassi Khangura – the Congress candidate from Qila Raipur strongly believes that the lives of the backward sections of society in his constituency can get transformed with the now world famous microfinance schemes. Those in backward sections need credit in small values and generally do not have the collaterals that the commercial banks would normally expect from them.  Microfinance schemes help eradicate poverty from among very small farmers, small traders, subsistence dairy farmers, businesses run by housewives, and very small cottage industrial enterprises. In particular he plans to bring in the Village Banking system.Microfinance schemes offer loans, not grants, to low-income microentrepreneurs, because at the root of their poverty is lack of opportunity, not lack of desire to work. While many poor families have ideas for fostering their own employment by creating small businesses, few can access the capital they need to begin. They are excluded from conventional financial sources (e.g., commercial banks) because they lack credit ratings and assets to pledge as collateral. Village Banking does not simply extend loans to low-income families, it helps to create community-run, community-focused credit and savings associations, particularly in areas untouched by the formal financial industry. The village banking method is highly participatory in nature. It gives the beneficiaries a voice and it involves them in the development process. Members not only receive loans, they form cohesive groups who manage and collect repayments on those loans, who save diligently and decide on ways to invest those savings, and progress together, forming networks for mutual support.He says that if elected he will ensure that the State Government and some other institutions will initiate microfinance schemes for the very small enterprises run by members of the backward classes in Qila Raipur. The scheme can then be replicated across the state.Mr. Khangura reiterates that uplifting backward classes through novel means is a special feature of his agenda for the constituency which has never sent a Congress nominee in the past. He is confident that people belonging to the backward sections have realized that only he and his party care to listen to their problems and make an effort to address them. Qila Raipur will be a Congress seat from now onwards - he avowed.

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https://www.brightpunjabexpress.com/index.php/2019/07/31/rana-gurjit-singh-inaugurates-markfed-sales-booth-at-lohian/

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https://www.tribuneindia.com/news/diaspora/indian-americans-urge-trump-to-fully-support-india-on-kashmir/813832.html

Washington : The Indian-American community in the US has urged the Trump administration to “fully support” India’s decision to revoke the constitutional provision that accorded special status to Jammu and Kashmir and to continue to exert pressure on Pakistan to end its support to cross-border terrorism.