Nation Politics 31 Jul 2021 Marginalised youth t ...

Marginalised youth to get financial boost in Telangana

DECCAN CHRONICLE. | DC CORRESPONDENT
Published Jul 31, 2021, 12:10 am IST
Updated Jul 31, 2021, 12:10 am IST
Official sources said the Chief Minister had directed finance department to release funds this year as financial condition has improved now
Chief Minister K. Chandrashekar Rao. (Photo: Twitter @TelanganaCMO)
 Chief Minister K. Chandrashekar Rao. (Photo: Twitter @TelanganaCMO)

HYDERABAD: After Dalits, people from Backward Classes, Scheduled Tribes and Minorities are set to get financial assistance from the Telangana government soon in the form of bank-linked subsidy loans to pursue self-employment.

After Chief Minister K. Chandrashekar Rao announced the Dalita Bandhu scheme on June 18 to improve the socio-economic status of Dalits by transferring Rs 10 lakh cash to the bank accounts of each Dalit family to pursue self-employment of their choice, similar demands cropped up from other sections.

 

People from BC, ST and Minority communities seeking self-employment have been waiting for four years for want of funds. The BC, SC, ST and Minority corporations invited applications for self-employment in 2017-18. Over 9.50 lakh applications have been pending with these corporations for over four years due to fund crunch. The government has decided to release funds to these corporations to clear all pending applications in phases this year.

As many as 5.10 applications of BCs are pending, while ST applicants are 2,02,433, SC applicants 1,73,159 and Minorities 23,829. The state government allocated Rs 650 crore last year to clear ST applications but funds were not released due to Covid financial crisis.

 

Official sources said the Chief Minister had directed finance department to release funds this year as financial condition has improved now. The Chief Minister asked corporations to clear pending applications before accepting new applications. With this, the corporations have stopped accepting new applications and are taking steps to clear pending applications. The government kept required funds available with district collectors to disburse loans. But the disbursal was halted due to Covid crisis.

The government asked collectors to sanction funds available with them to these corporations and clear pending applications. In Minorities Corporation, applications were last accepted in 2014-15 for loans, which are still pending due to lack of funds. The government-sanctioned Rs 786 crore to ST Corporation last year, but funds were not released.

 

With Dalita Bandhu launch, the government wants to address the pending self-employment schemes of other sections too along with Dalits.

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Location: India, Telangana, Hyderabad




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