May 17, 2013 8:40 PM

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Centre to announce soon mechanism for effective implementation of minority welfare schemes

More people among the poor from minority communities are to get concessional loans.The government is considering to raise the eligibily criteria of income for this. At present, families with an annual income of less than 40 thousand rupees in rural areas and 55 thousand in urban areas are eligible for the loans.

An official press release says, the National Minorities Development and Finance Corporation is bringing about significant changes in the lives of the poorest of the poor among minorities through its micro-finance and term loan schemes. It has disbursed about 371 crore rupees in 2012-13 benefiting over one lakh beneficiaries. Over nine lakh people belonging to minorities have benefited from the schemes since the inception of the Corporation in 1994.

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