Congress Leader Moots Legal Action Against TSMFC Over Minorities’ Loans

Hyderabad, July 25 (Maxim News): Congress senior leader Sameer Waliullah on Monday announced that he would approach the court against the Telangana State Minorities Finance Corporation for cancelling over 1.53 lakh applications submitted by poor minority youth seeking loans under the bank-link subsidy scheme.

Telangana Government, through the TSMFC, invited applications from the jobless youth belonging to minority communities to provide loans under bank-linked subsidy scheme in the year 2015-16. More than 1.53 lakh jobless youth applied for loans. None of those applications was either approved or rejected. Chief Minister K. Chandrashekhar Rao and other TRS leaders gave fake assurances that those applications will be approved. The TRS Govt then stopped seeking fresh loan applications.

After 7 years, the TSMFC now announced that it will give loans to 5,000 families and sought fresh applications. It also announced that the applications filed earlier stand cancelled. This is a huge injustice and we will not tolerate this,” Sameer Waliullah said in a media statement today.

Sameer Waliullah said that more than 1.53 lakh loan applicants have been waiting since 2015-16 with the hope that one day or the other their applications would be approved. However, instead of apologising for the delay in clearing those applications, Minorities Welfare Minister Koppula Eshwar announced all previous applications stand cancelled.

“This is an open humiliation for the poor applicants who waited patiently for the last 7 years. TRS Govt cannot mistreat Muslims and other minorities in this manner. We will approach the court seeking orders that the TSMFC consider the previous applications and also pay compensation to the applications for the mental agony they underwent for the last 7 years,” he said.

The Congress leader also ridiculed the fresh loan scheme for minorities announced by the TRS Govt. He said that the TRS Govt has approved just Rs. 50 crore to execute the “Bank Linked Subsidy – Economic Support Scheme” for minorities and it proposes to provide loans to only 5,000 beneficiaries. He said at least 10 lakh educated Muslim youth were jobless and meet the criteria to get a loan under State Government’s scheme.

However, the TRS Govt wants to limit the number of beneficiaries to just 5,000 families. “TRS Govt has an annual budget of nearly Rs. 2.5 lakh crore and it falsely claims that it was spending over Rs. 1,000 crores per annum on minorities’ welfare. If these claims are true, then why does it has no money to help the jobless youth of minority communities?” he asked.

Sameer Waliullah informed that the Congress party has already begun the process to approach the applicants who applied for loans in 2015-16. He said legal experts were being consulted to check whether to file a Public Interest Litigation (PIL) on behalf of all applications or make the applicants file cases individually. (Maxim News)


Next Story:

  • Two Years Rigorous Imprisonment To Asst. Labour Commissioner 

    Two Years Rigorous Imprisonment To Asst. Labour Commissioner 

     Hyderabad, March 29 (Maxim News): The Special Judge for CBI cases, Hyderabad, has sentenced Sh. Thodi Ramesh, then Assistant Labour Commissioner,  to undergo Rigorous Imprisonment(RI) of two years with a fine of Rs. one lakh in a case related to Disproportionate Assets. The Court also ordered confiscation(to the State after the expiry of appeal time)…


  • IIIT Hyderabad Signs MoU with Plaksha University to Set Up a Joint Center for Sustainability

    IIIT Hyderabad Signs MoU with Plaksha University to Set Up a Joint Center for Sustainability

    IIIT Hyderabad and Plaksha University signed an MoU on campus today to establish a Sustainability Centre based on Smart and Sustainable Communities. The MoU was jointly signed by Prof P J Narayanan, Director, IIIT Hyderabad, and Prof Rudra Pratap, Founding Vice Chancellor of Plaksha University.


  • Rotary Club of Hyderabad Donates New Upgraded Neonatal ICU at Niloufer Hospital

    Rotary Club of Hyderabad Donates New Upgraded Neonatal ICU at Niloufer Hospital

    The Rotary Club of Hyderabad Mavericks and the Rotary Club of Global Wizards together have donated “Upgraded Neonatal ICU” to Neloufer Hospital.  This was done under Rotary Global Grant No. GG2456871. 


  • Tribute from Surmangadal to the Legends of Hindustani Classical Music

    Tribute from Surmangadal to the Legends of Hindustani Classical Music

    Surmangadal in association with Telangana Tourism is to organise a Hindustani Classical Recital of Pt. Shubhendra Roa on Sitar and Vidushi Dr. Ashwini Bhide on Vocal, as a part of Morning Raaga at Jawaharlal Nehru Architecture and Fine Arts University(JNAFAU) at Masab Tank, Opp Mahavir Hospital, Hyderabad on 7th April 2024 at 9am.


  • More Than A Million People In Gaza Are Facing Food Insecurity

    More Than A Million People In Gaza Are Facing Food Insecurity

    Gaza: The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has said that more than 1.1 million people in the Gaza Strip are facing “an extreme level of food insecurity,” as Israel prevents aid from entering the enclave.


Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe.  Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.