1984 riots: plea to revive loan subsidy scheme | chandigarh | Hindustan Times
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1984 riots: plea to revive loan subsidy scheme

chandigarh Updated: Aug 05, 2013 20:35 IST
HT Correspondent
HT Correspondent
Hindustan Times
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An organisation fighting for victims of the 1984 anti-Sikh riots has demanded the revival of the scheme of extending bank loans to affected families at 1% rate of interest. The scheme had lapsed in 1998.

"We have been pressing the union government to take up the matter with the Reserve Bank of India as there are many cases in which families did not get subsidy under the scheme," 1984 Sikh Massacre Affected Welfare Society chairman Jaswinder Singh said at a press conference here.

He said the society had held a meeting with the union finance secretary on July 22, urging him to look into the matter, but to no avail.

The scheme was introduced in 1993 on the directions of the Supreme Court to extend bank loans at 1% rate of interest to the riot-affected families, he said, adding that there were many families who had to sell all their assets to pay back the loans at interest rates as high as 20%.