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Success Stories

 
 
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  • Loan Case No. Raj Kumar S/o Sh.Prithi Chand Village Pojewal Tehsil Balachour Distt. Nawanshahar. Having passed 10+2 examination and to supplement his family income he was running a General Store on a rented shop in his village. Due to paucity of funds he could not fulfill the demands of customers, his shop was not giving him desired results. In the mean time Backfinco organized a camp in Village Pojewal. In this camp corporation officials gave detail information regarding loan schemes of Backfinco and application forms were filled for needy people. Sh. Raj Kumar form was also filled in this camp and after completing all necessary formalities a loan of Rs.95000/- was given to him for starting General Store . With this assistance he enhanced his inventory and his shop started giving him presumed results. His is repaying his quarterly installments regularly. .
     
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  • Loan Case. No. MKT/NBC/142 Sh.Gurdev singh S/o Sh.Santokh Singh Village Rupana Tehsil and Distt Muktsar approached Field Officer Sri Muktsar Sahib to start Fabrication Unit. He applied for the loan and after completing the necessary formalities, he was sanctioned loan of Rs. 95000/- from Backfinco. The above said beneficiary started his venture under the banner “Gurdev Engineering Works”. This village is a focal point catering to the needs of surrounding areas. Having a good location of workshop on highway, it is helping in spreading the message amongst the unemployed youth regarding self-employment activities being financed by the corporation at low rate of interest. His monthly income has increased from Rs.3000/- per month to Rs.11500/- per month..
       
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  • Loan Case No. MKT/NMD/452 Sh.Bhupinder Singh S/o Sh.Gurcharan Singh resident of Green Avenue New, Gali No.1 Near Bus Stand Mukatsar obtained a loan of Rs. 95000/- for setting up Hardware Store. His monthly income has increased from Rs. 3000/- to Rs.14000/-. He is repaying his installments regularly. He suggested that loan amount may be raised to Rs.2 lac.


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