TGMFC To Empower 15K Women In Phase-1

Hyderabad, Dec 12 (Maxim News):  Keeping in view that the State government has released Rs. 30 crores, the Telangana Minority Finance Corporation (TGMF) decided to give women empowerment a priority.

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It has introduced a series of initiatives to empower at least 15,000 women in the first phase of its schemes, whose applications will be received from December 13, These include financial aid for setting up of petty business to 5,000 women with Rs. 50,000 support under subsidy and distribution of sewing machines to over 10,000 women beneficiaries who will be identified through a transparent process will receive domestic sewing machines for getting self employed, for which Rs. 6.04 crore has been earmarked.  

As part of Financial Assistance for Business Ventures under the Indiramma Minority Mahila Yojana around 5,000 eligible beneficiaries will get Rs. 50,000 each under subsidy to set up their own business or work as street vendors.”  said,Chairman of Corporation, Obedulla Kothwal

Apart from this under the Special Livelihood Project the Corporation is also rehabilitating families in Musi river bed.  It is offering subsidy loans of upto Rs. 2 lakh to help rehabilitate families from minority community, particularly those residing in Musi riverbed areas of Hyderabad, Rangareddy and medchal districts.  As part of the scheme a subsidy of Rs. 1.4 lakh by Corporation and a loan of Rs. 60,000 through SERP (Society for Elimination of Rural Poverty) or STREENIDHI.  (Maxim News)

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