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Minorities corporation making efforts to recover dues: Aboobaker

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N.B. Aboobaker
N.B. Aboobaker

Staff Correspondent

Committee to oversee functioning of KMDC office in each district to be set up

Madikeri: Chairman of Karnataka Minorities Development Corporation Limited N.B. Aboobaker said on Friday that efforts were on to recover dues amounting to Rs. 160 crore from those who had availed themselves of loans from the corporation between 1986 and 2008.

Addressing presspersons here, he said those who had taken loans from the corporation had not repaid them for various reasons. One of the reasons was that some persons (ministers) in the Government had asked their followers not to repay the loans on the ground that they could be waived at a later stage, Mr. Aboobaker said. However, he had initiated steps to recover loans and recovery touched 70 per cent in recent days. Eighty per cent of the beneficiaries were from the Muslim community, 15 per cent from Christian community and the rest were from the Jain community, he added.

The Yeddyurappa Government sanctioned Rs. 49.20 crore grant to the corporation in the last budget, apart from Rs. 17 crore as special development fund (SDF), put together Rs. 66.20 crore, Mr. Aboobaker said. The grant of Rs. 49.20 crore would be distributed among 31,100 beneficiaries under various schemes during 2009-10.

Under the Swalambana scheme, Rs. 6 crore would be given to 4,000 beneficiaries, Rs. 14 crore to 9,300 beneficiaries under the “Arivu” scheme, Rs. 7.20 crore under the “Shrama Shakti” scheme to 4,800 beneficiaries, Rs. 10 crore under the Ganga Kalyan scheme to 1,000 beneficiaries and Rs. 12 crore under the “micro-finance” scheme to 12,000 beneficiaries, Mr. Aboobaker said. Of the Rs. 17 crore granted under the SDP, loans would be given to those intending to purchase sites and construct houses.

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