Hyderabad, Sept 1 (Hydnow): The second phase of the Economic support scheme which provides 100 percent subsidy loans to minority entrepreneurs will start soon.
According to the Telangana State Minority Finance Corporation Chairman Mohd. Imtiyaz Ishaq after a review meeting held in the Telangana Secretariat today. In the review meeting is has been discussed on the progress of the first phase of the scheme, which has already benefited over 1,000 minority entrepreneurs. The meeting also decided on the modalities for the second phase of the scheme, which is expected to benefit an additional 2,000 entrepreneurs.
The Chairman of TSMFC praised Chief Minister K. Chandrashekar Rao for his personal interest and care in providing various schemes for the benefit of the Muslim minorities. He said that the Chief Minister is always coming forward to support the minorities and fulfill their needs.
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The Sewing Machines distribution program, which is likely to be held in Jagtial District on 8th September by the Minister for SCDD, M.W., DW & SCW accordingly, was also discussed during the meeting..
The Economic Support Scheme is one of the most popular schemes offered by TSMFC. The scheme provides 100 percent subsidy loans to minority entrepreneurs who are setting up new businesses or expanding existing businesses. The loans are available for a variety of businesses, including manufacturing, service, and retail.
The second phase of the Economic Support Scheme is expected to benefit an additional 2,000 minority entrepreneurs. The scheme will help these entrepreneurs to start or expand their businesses and create jobs for the local community.
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The launch of the second phase of the Economic Support Scheme is a welcome move by the government of Telangana. The scheme will help to boost the economic development of the state and create opportunities for minority entrepreneurs.
The meeting was also attended by Minister for SCDD, M.W., DW & SCW Koppula Eshwar, Secretary to Government, Minority Welfare Department Syed Omar Jaleel, Vice Chairman & Managing Director, TSMFC A. Kanthi Wesley, and Asst. General Manager – Loans – MFC K. Persis. (Hydnow)
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