Hyderabad: Chief Minister K. Chandrasekhar Rao on Friday sanctioned Rs 102 crore to 12 BC Federations to extend subsidised loans to beneficiaries of self-employment schemes. This will benefit 12,218 beneficiaries, who have been awaiting loans for two years.
Though applications were invited and beneficiaries selected in 2015-16, the federations could not extend loans as the government failed to release funds.
Of the sanctioned amount, the BC Corporation will get Rs 71.73 crore for 8,835 beneficiaries. Nayi Brahmin Federation Rs 8.4 crore, Kummari Federation Rs 6.79 crore, Vishwa Bhahmin Federation Rs 5.09 crore, Vaddera Federation Rs 2.42 crore, Rajaka Federation Rs 1.95 crore, Geetha Karmika Federation Rs 1.40 crore, Uppara Federation Rs 1.24 crore, Krishna Balija Federation Rs 1.22 crore, Medara Federation Rs 1.21 crore, Valmiki Boya Federation Rs 33 lakh and Bhatraju Federation Rs 30 lakh.
The state government has announced setting up of Most Backward Classes Corporation and sanctioned Rs 1,000 crore in Budget this year. The government stopped sanctioning funds to the BC federations after that.
Various BC unions threatened to state agitations if the federations were scrapped under the pretext of MBC Corporation and demanded that the government continue funding the federations. Mr Rao’s order follows this development.
