Hyderabad News

100 pc subsidy scheme to be announced shortly for minorities

100 pc subsidy scheme to be announced shortly for minorities

Hyderabad: Chairman Minority Finance Corporation, Syed Akber Husain said that 100% subsidy scheme for minorities will soon be announced. The government has decided to provide 100 percent subsidy for small business, to remove economic backwardness of Muslims and remove them from the clutches of financers.

Akber Husain said poor minorities can not only begin the business with the help of the scheme but can earn living for the family. The scheme aims at removing economic backwardness of Muslims.

Akber Husain said that the financers are taking 10 to 12 pc interest on the loan and they are harassed in case of non-payment.

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