Sheeja Moodubelle
Pics by Hemanath Padubidri
Daijiworld Media Network – Udupi(SM)
 
Udupi Aug 27: Minister for Ports and Muzrai, who is also incharge of Udupi district Kota Srinivas Poojary appealed on Monday to the minorities to come forward to acquire the facilities provided by the government.

He was inaugurating the State Minorities Development Corporations loan disbursement function.

Loans amounting to Rs 267 crores  up to Rs 1,62 lac were distributed to beneficiaries from the Christian community and other minority sections here on Monday August 27.

Before distributing the cheques, Minorities Development Corporation Chairman N B Aboobakar said that economic empowerment of minorities was necessary and there was a need to focus on their education too. 

From the past four to five years the government has been supporting the minorities to the maximum level. Not only is the loan amount high but also the recovery rate is growing steadily. Udupi stands in second position and DK fourth in the state.

Aboobacker also said that under the Bharatiya Janata Party's rule, the corporation increased the number of schemes to fifteen from five. There was a need to eliminate middlemen from delivery of services.

The Karnataka Minorities Development Corporation Limited was established on February 7, 1986 by the Government of Karnataka for the upliftment of religious minorities i.e. Muslims, Christians, Sikhs, Parsis, Jain and Bhuddists with an authorized share capital of Rs 65 crores.

As per the 2001 Census the total population of religious minorities in Karnataka is 82, 93,576.

The loans were given as per the below scheme.

•‘Swavalambana’ Margin Money Loan Scheme up to one lac out of it Nigam will pay 25,000 rest from the bank. Subsidy will be 5% Coming year this will be increased up to 5 lac

•Subsidy Scheme

•‘Arivu’ (Education Loan) Scheme provides 10 to 50, 000 cash for 45,000 beneficiaries – total 81.40 lac for the professional courses. 

•Ganga Kalyana Scheme:  No water No money as per that 5671 Boar wells have been constructed, cost limit is 1 Lac

•‘Shramashakti’ Scheme: it is a small scale loan and 25,000 with 4% interest

•Land Purchase Scheme: for farmers limitation 2.5 Lac with 50,000 subsidy

•Micro Financing Scheme:- Despite the vast expansion of the formal credit system in the country, it has not been able to cover adequately the need of small loan requirement of the minority development 8 Crore