DK gets ` 10.71 cr through KMDC

DK gets ` 10.71 cr through KMDC

Out of the said amount, ` 7.32 cr has been reserved for various schemes, says chief

The State government has earmarked Rs 100 crore to Karnataka Minorities Development Corporation (KMDC) to provide benefits of various development schemes to 55,400 beneficiaries during the year 2012-13, of which Rs 10.71 crore has been granted to Dakshina Kannada district which will cover 5,771 beneficiaries.

Out of the said amount Rs 7.32 crore is reserved for schemes for all minority communities and Rs 3.68 crore is reserved for Christian Development programmes, informed Karnataka Minorities Development Corporation Chairman N B Aboobakar.

Speaking to media persons on Wednesday, the Chairman said the government has earmarked specific amount for various schemes under two main projects.


A sum of Rs 43 lakh has been earmarked for Swawalambana margin loan and financial aid scheme which will benefit 288 people, Rs 2.27 crore has been reserved for Arivu loan scheme targetting 1,188 beneficiaries, Rs 1.29 crore for Shramashakti loan scheme benefitting 648 people, Rs 1.72 crore under micro loan and micro financial aid targeting 1,728 beneficiaries and Rs 1.20 crore under Ganga Kalyana scheme targeting 120 beneficiaries.

Under the Christian Development project, a sum of Rs 81.80 lakh has been granted for Arivu loan scheme benefitting 409 individuals, Rs 81.80 lakh for Shramashakti loan scheme targetting 409 beneficiaries, Rs 81.70 lakh under micro loan scheme for 817 beneficiaries and Rs 1.23 crore for interest scheme for house building targetting 164 beneficiaries.

Speaking about the house loan interest scheme, Aboobakar said that the Corporation will offer loan refund amount up to Rs one lakh or the interest rate (as applicable from 2007) to the Christian families which have taken loan between Rs one lakh to Rs five lakh for the house construction purpose. The annual income of the families should not exceed Rs one lakh, he said.

Loan recovery

Aboobakar informed that the loan recovery rate in the Corporation has been considerably good.

The loan recovery ratio of the loans granted before four years, which was at 18 per cent has increased up to 54 per cent now, whereas the recovery rate of the loans granted during the last four years is 80 per cent.

The Corporation has 186 staff and is furnished with 70 computers.

The work in the Corporation office has been computerised, he said.

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