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Loans to be released for BC beneficiaries in TS

Thu, Jul 07, 2016, 06:19 PM
A sum of Rs.162.36 crore has been allocated for the year 2016-17 under the Margin Money Scheme being implemented by the Telangana State Backward Classes Co-operative Finance Corporation to cover 15,688 beneficiaries.

The applicant’s age under the scheme should be between 21 and 55 years. Age relaxation will be given up to 60 years for Agriculture and allied sector. Activities under the Agriculture and allied sectors, small business and industry, service and transport sectors are financed under this scheme and the subsidy is released directly to the individual Bank account through e-payment mode, according to the officials of the Backward Classes Welfare Department.

‘Abhyudaya Yojana’ is another scheme being implemented by the Corporation, under which activities under Artisans, small business, industry, service and Transport sectors are financed through e-payment mode. An amount of Rs.66.86 crore has been allocated for the year 2016-17 for this scheme to cover 6054 beneficiaries. The applicant’s age should be between 21 to 66 years.

A sum of Rs.18.07 crore has been allocated in the current year Budget under the scheme of financial assistance to Washermen Cooperative Societies Federation. The scheme is meant for providing financial assistance to members of Primary cooperative Washerman societies, covering 120 societies and 1807 members.

Another sum of Rs.25.30 crore has been allocated for the year for the construction of Dhobighats and its components like digging of borewells, providing electric connection and motor, construction of Tubs and sheds, toilets etc.

It was targeted to construct 452 Dobhighats under the scheme. The unit cost of each Dobhighat is fixed at Rs.5.60 lakh and the Government will provide 100 per cent subsidy of the unit cost.

The Government is also providing funds for implementing schemes for the welfare of Vadderas, Krishna Balija, Poosala, Bhatraja, Sagara and other occupational federations.

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