80% subsidy on bank loans for Minorities
Hyderabad: Govt. of Telangana proposes to launch a few new
schemes for the benefit of Minorities before the elections of GHMC. It
is understood that CM of Telangana State, Mr. KCR sanctioned this
scheme. This file is pending in the Dept. of Finance. Govt. has issued
instructions to Finance Officials to clear this file immediately. It is
reported that very soon orders will be issued in this regard.
Under this scheme, poor persons belonging to Minorities will get 80%
subsidy which they don’t have to return and the remaining 20% amount
would be given as loan by the banks. This scheme is applicable for small
business. The present scheme provides a subsidy of 50% but CM took a
special interest and enhanced this subsidy from 50% to 80%
