Minority Finance Corporation has sought permission from Telangana and Andhra Pradesh governments to release bank-linked subsidy. A total of Rs. 36 cr were sanctioned as subsidy in the two states however after the bifurcation of the state the concerned account was frozen. 18.60 cr loans were sanctioned in Telangana while 17.62 cr were sanctioned in Andhra Pradesh.
Sending the letter to both the governments Director Minority Finance Corporation Prof. S A Shukoor sought permission to release subsidy amount. Deputy chief minister of Telangana Mohammed Mahmood Ali spoke to finance department officials in this regard. He told that release of subsidy would benefit 3779 candidates whom subsidy has been sanctioned by the corporation.
Siasat news