Hyderabad News

Minority Finance Corporation no longer serves its purpose

Minority Finance Corporation no longer serves its purpose

Hyderabad: Minority Finance Corporation holds great importance among Muslims as poor and backward classes benefit from this. Lakhs of people get loan from it and poor students get scholarship. However for the past two years the institution has not been serving its purpose.

Chairman Minority Corporation lacks accountability. He spends most of his time attending special functions, marriage functions, felicitation functions etc. People are tired of making rounds of the office. CM had announced 80 pc subsidy to poor but no implementation has been done so far. Urdu Academy Centres have also not been set up as announced.

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