Over 1000 colleges in Punjab to protest against Bank's Possession of Aman Bhalla Engineering College
Mohali, December 4, 2020: As many as 1650 colleges of Punjab under the banner of Joint Association of College (JAC) have announced to held a protest on December 5, against the possession of Aman Bhalla Engineering College, Pathankot by a bank. The decision on the same was communicated to JAC to college during a video conference held on Friday.
It is to mention that The Hindu Cooperative Bank took over possession of Aman Bhalla Engineering College on December 2, 2020 due to non-payment of loan.
Dr. Gurmeet Singh Dhaliwal, Chairman, JAC and S. Jagjit Singh, President, JAC said that the government should ensure that the possession of the colleges whose Post Matric Scholarship is still due, should not be given to banks.
The Punjab Government must release the scholarship amount to SC students and unaided colleges so that a good environment for education can be created.
“On one hand around Rs 7 crores of Aman Bhalla Engineering College is still due from Government of Punjab under the Post Matric Scholarship Scheme but the bank has taken over the assets of Rs 25-30 crores of the college. The College is liable only for 1.70 crores loan amount of the Hindu Cooperative bank,” said Dr. Anshu Kataria, co-chairman, JAC.
Likewise, Charanjit Singh Walia and Manjit Singh, Patron JAC said that from last 4 years, 1650 unaided colleges in Punjab have been struggling to get release Rs 1850 crore, while due to nonpayment of loan government & private banks are taking over the possession of various colleges.
In this protest around 13 associations from Punjab are expected to participate.