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TSMFC Loans promised to be released in 15 days – Muslims made to wait for months

TSMFC Loans promised to be released in 15 days – Muslims made to wait for months

CHARMINAR: Muslims who applied for loans under various schemes, are waiting since months, yet see no chances of getting funds from the Telangana State Minority Finance Corporation (TSMFC).

Loans were promised to be released in 15 days but it’s been months which are making citizens quite angry.

“I applied for a minority loan in January 2016 and it was approved on July 4. I submitted that proceeding to the Mehidipatnam branch of Syndicate Bank. The bank manager came to my shop later and took details about my business. I made everything clear to him, but I have still not got the loan amount,” Parveen Begum, a resident of Mallepally , said.

According to the scheme, the amount has to be credited to the savings account of the minority borrower within a period of 15 days by TSMFC.

“I don’t understand the working of the TSMFC officials. Instead of replying to my question, they scolded me and asked me to leave. They said I’d get the loan, but when?” said Mohd Amjad, a resident of Mehdipatnam.