This story is from January 14, 2021

3,488 people avail minorities employment loan in Katihar

3,488 people avail minorities employment loan in Katihar
KATIHAR: A serpentine queue of applicants was seen at the district minority welfare department office on Wednesday for document verification to seek loan under the Mukhyamantri Alpsankhyak Rojgar Rin Yojana. The process had started on December 15 and January 13 was the last date for document verification under the loan scheme for 2019-20.
“Approximately 3,488 aspirants have availed the facility in the district.
Under the scheme, 70% people belonging to minority community in rural areas and 30% in urban areas can avail this facility,” said Tarique Raza, the district minority welfare officer.
He said the scheme comes under the state minority welfare department and is monitored and controlled by the Bihar State Minority Welfare Financial Corporation.
“A sum of Rs7 crore will be allocated to the applicants. Financial assistance will range between Rs1 lakh and Rs5 lakh. Majority of the loan seekers have been availing the scheme for self-employment as well as expansion of their existing businesses,” Raza said.
Some of the applicants expressed satisfaction over the scheme. Md Tanweer Ahmad (24) of Gorgama Gerabari said, “I have taken a loan of Rs4 lakh at the rate of 2.5% for the business purpose. The scheme is good for the minority community. It will help in expanding their businesses.” Tanweer is planning to expand his footwear business.
Najma Khatoon (40) of Hariganj Mohalla in Katihar town said she wants to set up a shop of ladies garments as well as expansion of the existing business at Mangal Bazar. “I took a loan of Rs5 lakh for expanding the business at Mangal Bazar of the town,” she said.
Md Imtiyaz Alam (32) of Choudhary Mohalla said he had taken took a loan of Rs2 lakh for establishing a shop for bike accessories. “I have a shop but I also want to set another of bike accessories,” he added.
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