Telangana govt provides 120 cr subsidy to minorities to start businesses

The government of Telangana is working for the benefit and upliftment of minorities. It had previously sanctioned Rs.50 crores and has now sanctioned an additional Rs.70 crores due to the increased demand making it a total of Rs.120 crores. The Chairman of Minority Finance Commission, Mohammad Imtiaz says, “We had started a scheme of Rs.50 crores for economic support of 5000 minority families in 2 respective categories Rs.1,80,000 subsidy in Category 1 and Rs.2,70,000 subsidy in Category 2. Later, a meeting was held by Finance Minister Harish Rao with Minority Welfare Minister Koppula Eshwar, Home Minister Mahmood Ali and Government advisor, minority welfare AK Khan. Rs.70 crores was further given to the minority finance commission in addition to the Rs.50 crores making a total of Rs.120 crores. Administrative officer of Minority Finance Corporation, Mohammad Abdul Hamid said, “After the COVID pandemic, the government has given an opportunity for the upliftment of minorities and support for the people who like to do small businesses. An online application should be given in Meeseva through Online Beneficiary Management System (OBMS) and required documents should be submitted for it. The government had sanctioned Rs.50 crores initially but further sanctioned Rs.70 crores seeing the increase in demand. So, it is a total of Rs.120 crores now. All selections for the loans will be made based online applications. The District collector will be the Chairman for this. I request the people to choose good businesses by which many people will be benefited while applying for the loan.

#KCR #Minority #Telangana
Subscribe Now ► Stay Updated! 🔔
————————————–
ANI is South Asia’s leading Multimedia News Agency providing content for every information platform, including TV, Internet, broadband, newspapers, and mobiles.
Subscribe now! Enjoy and stay connected with us!!
☛ Visit our Official website:
☛ Follow ANI:
☛ Like us:
☛ Email to: [email protected], [email protected]
☛ Copyrights © All Rights Reserved ANI Media Pvt Ltd.

source