CM KCR directs immediate approval of applications for loan upto 1 lakh

Chief Minister K Chandrasekhar Rao directed Minority Finance Corporation to immediately approve the applications of loan upto Rs. 1 lakh in the first phase. Chief Minister directed this in a review meeting with officials of Minority Welfare. He asked the corporation regarding subsidy and loan scheme. Officials informed that 1.61 lakh applications were submitted for



loan scheme while the corporation had made the target to provide loan to 8200 candidates. Chief Minister told that the large number of applications submitted indicates how weak the financial condition of minorities is. 

He said corporation should approve applications of loan upto 1 lakh so that poor people can benefit from the scheme.