Loans promised for youths to start their own enterprises

January 06, 2013 12:00 am | Updated 05:01 am IST - Tumkur:

200 from each district in the country will benefit: Muniyappa

Minister of State (Independent Charge) for Micro, Small and Medium Enterprises K.H. Muniyappa has said that 200 selected youths from each district in the country would be given loans to start their own enterprises.

Mr. Muniyappa was speaking after launching the Direct Cash Transfer system for the post-matric scholarship scheme for students belonging to the Scheduled Castes and Scheduled Tribes in Sira town in Tumkur district on Saturday. The function was organised by the Canara Bank.

After symbolically launching the scheme by handing over the passbooks to five students, Mr. Muniyappa said that the Direct Cash Transfer scheme is an ambitious programme of the Union government under which benefits of various government schemes, including the Mahatma Gandhi Rural Employment Guarantee scheme, will reach the beneficiaries directly without middlemen. The scheme was launched to bring in more transparency in administration so that the benefits of the schemes reach the deserving people.

The Minister lauded the role of banks, in particular the Canara Bank, in helping the government reach benefits of schemes to the needy.

Mr. Muniyappa said that Finance Minister P. Chidambaram was scheduled to attend the programme but could not make it because of some other engagement.

The Minister urged people belonging to socially and economically backward sections to open ‘No frill bank account’. He said 20 crore Aadhar cards have already been distributed and banks must cooperate with the government so that scheme benefits reach the needy people.

He said if the Congress party comes to power in the State, Dr. G.S. Paramashivaiah report on Nethravati diversion.

District in-charge Minister S. Shivanna, Deputy Commissioner R.K. Raju, zilla panchayat CEO Govindaraju, zilla panchayat president Prema Mahalingappa and Assistant Commissioner C. Anitha were conspicuous by their absence.

MP G.S. Basavaraju, the former Minister T.B. Jayachandra and executive director of Canara Bank Archana S. Bhargav were among those present.

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