Telangana to offer loans with 80 per cent subsidy to minorities

Karimnagar: Finance minister Etala Rajender on Wednesday said that the state government will sanction loans with 80 per cent subsidy to SCs, STs and Minorities without bank linkage in May and June in the state. 

This is for the first time that the state government will give subsidised loans to beneficiaries without bank linkage through the SC, ST, BC and Minority welfare departments following allegations that bankers are not coming forward to give their consent though various departments were ready to sanction such loans.

State to build Community Bhavans for all

Finance minister Etala Rajender on Wednesday said the state government will construct “Self-Respect Community Bhavans” for all communities in the state at a cost of Rs 2 crore to Rs 5 crore each  in five acre land in Hyderabad this year.    

He was speaking after laying the foundation stone for integrated hostel buildings for nine communities to be built at a cost of Rs 3 crore at Ujwala park in Karimnagar town. 

Mr Rajender said that the state government was committed to the welfare and development of BC communities.