Financial Assistance to Muslims of Maharashtra
Letter to the Chief Minister of Maharashtra Shri Ashok Chavan, 13 June, 2009
We are glad to note that the loans advanced by the Maulana Azad Financial Corporation are being written off, on par with the loans advanced to Dalits and Backward Classes by the respective institutions. But while the amounts remitted in the cases of dalits comes to 11,000 crores. The amount in question in the case of Maulana Azad Financial Corporation comes to Rs.20 crores.
As you are aware the Maulana Azad Financial Corporation also acts as the State agency for the disbursement of loans by the National Minority Finance & Development Corporation. I understand from its Managing Director that the amount loaned to beneficiaries in Maharashtra from the NMDFC funds and not repaid comes to Rs.30 crores.
I request you to consider that the Maharashtra Government directly or through the Maulana Azad Financial Corporation takes over this liability payable to NMFDC. |