Telangana Government sanctions Rs 102 crore as loan subsidy for BCs

Minister for BC Welfare Jogu Ramanna thanked Chief Minister K Chandrashekhar Rao for putting his signature on the long pending proposal

By Author   |   Published: 20th Oct 2017   8:38 pm Updated: 20th Oct 2017   8:46 pm
Kalyana Lakshmi
BC Welfare Minister Jogu Ramanna.

Hyderabad: The State government on Friday sanctioned Rs 102 crore as loan subsidy as a Diwali gift to the Backward Class (BCs) communities. In all, 12,218 BC borrowers in the State would benefit from the government’s gesture.

Minister for BC Welfare Jogu Ramanna thanked Chief Minister K Chandrashekhar Rao for putting his signature on the long pending proposal and said it was a Diwali gift to 12 federations under Backward Classes Corporation.

Ramanna said with the Chief Minister’s decision, 12,218 members in the BC community will be benefited and the department will release loans to the applicants soon. “The Chief Minister wanted BCs to lead a decent life and is encouraging them by giving subsidized loans for self-employment units,” Ramanna said.

The BCs are reaffirming their faith on the State government with the Chief Minister’s committment for all round development of BCs, he said, adding that the State government had allocated huge funds for BC welfare in 2017-18 budget besides setting up MBC corporation.

The 12 federations that will benefit

Telangana BC corporation – Rs 71,73 crore benefiting 8,835 applicants

Telangana Nayi Federation – Rs8.40 crore benefiting 906 applicants

Telangana Kumari Federation — Rs 6.79 crore benefiting 806 applicants

Telangana State Vishwabrahmins Federation – Rs 5.09 crore benefiting 523 applicants

Telangana State Vaddera corporation Federation – Rs 2.42 crore benefiting 269 applicants

Telangana State Rajaka Federation — Rs1.95 crore benefting 216 applicants

Telangana State Toddy Tappers Federation – Rs 1.40 crore benefiting 138 applicants

Telangana State Sagara (Uppara) Federation – Rs1.24 crore benefiting 124 applicants

Telagnana Krishana Baliji,Poosala Federation – Rs 1.22 crore benefiting 151 appliants

Telangana Madera Federation- Rs 1.21 crore benefiting 187 applicants

Telangana Valmiki Boya Federation- Rs 33 lakhs benefiting 33 applicants

Telangana Bhattraja Federation- Rs 30 lakhs benefting 30 applicants1