Banks behave discriminatively towards Muslim minority while providing loans. Although central and state governments seemingly allocate thousands of rupees of budget for minorities but it seems that minorities especially Muslims are deprived of its benefits under planned conspiracy. Banks show no hesitation in providing loan to other minorities including Jain, Parsis and Sikhs but when it comes to Muslims they start dilly dallying the matter. It seems that like communal elements, bank officials too discriminate against Muslims and Christians. They don’t want that Muslims strengthen their economy by obtaining loan and starting business.
Minority Finance Corporation of Telangana is implementing bank-linked subsidy scheme under which a loan of 3 lakh rupees is provided to minority youth but only when the bank is ready to provide loan, MFC would pay a subsidy of Rs. 1 lakh. But to obtain loan from the banks surety by a government servant is compulsory. This condition is forcing Muslims to go from pillar to post. It would have been better if the Minority Finance Corporation itself takes surety of the minority candidates, then the banks would have no excuse to reject loan application of minorities especially Muslims.
Siasat news