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KMDC distributes Rs 1.65 cr loans to 1,139 beneficiaries

Last updated: 10 January, 2010
Mangalore, Jan 10, DHNS:

28 persons received benefit under ‘Swavalambana’ scheme

Karnataka Minorities Development Corporation (KMDC) distributed loans amounting up to Rs 165.69 lakh to a total of 1,139 beneficiaries during a function at Town Hall here on Sunday.


The distributed amount comprised Rs 114.96 lakh loan and Rs 50.73 lakh financial assistance. District-in-Charge Minister J Krishna Palemar handed over cheques to the beneficiaries. The programme was organised by the KMDC in association with the Zilla Panchayat and the National Minorities Development and Finance Corporation.

As many as 124 persons received loans under Shramashakti scheme while 596 persons received loans under micro credit facility. Three cars and four autorickshaws were also given to youth aspiring self-employment. A total of 28 persons received benefit under ‘Swavalambana’ scheme. Loans were given to 353 persons under ‘Arivu’ scheme, while financial assistance of Rs 30 lakh was given to 30 minority families under ‘Gangakalyana’ scheme.

In his address, District-in-Charge Minister J Krishna Palemar appealed the beneficiaries to attain self-reliance by making the best of the schemes. Coastal Development Authority Chairman B Nagaraj Shetty too asked the beneficiaries to use the money for constructive purposes. He appealed them not to allow anybody to misuse the amounts.

“The loan programme should be continuous. It is possible only if the beneficiaries repay the loans in time,” he observed. KMDC Chairman N B Aboobakker said the Corporation distributed Rs 49.2 crore to 35,100 persons under various schemes in the previous year.

“The Corporation is supposed to distribute Rs 51.66 crore for 37,242 persons under different heads in the present year. Rs 4.2 crore has already been distributed through two programmes,” he explained.

There are plans to fully computerise the KMDC. The head office has already been computerised. The government has ordered appointment of 67 staff to the Corporation, and 23 have already been appointed on deputation basis, he informed.

A proposal has been sent to the government in connection with reconstructing or repairing about 1,800 flood-affected houses of minority members in north Karnataka at a cost of Rs 7.5 crore on behalf of the Karnataka Minorities Development Corporation, he added. MLA N Yogish Bhat presided. MLA U T Khader, Zilla Panchayat President Santhosh Kumar Bhandary and BJP’s Shreekar Prabhu were present.

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