Minority Finance Corporation’s bank-linked loan subsidy scheme has begun. After getting permission by the government, the Corporation released 7.30 crore rupees towards subsidy on one single day.
Managing Director Minority Finance Corporation Prof. S A Shukoor told that after the completion of election process, government has permitted to release the subsidy amount. He told that 7.30 crore have been deposited into bank accounts of beneficiaries. 16116 applications have been approved by district collectors and banks have agreed to provide loan. A subsidy of 685795000 has been allotted for them.
32 crore rupees will be released towards subsidy for beneficiaries whose applications are complete and who have bank accounts.
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