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Subsidized loans on employment doubled: Etala

Hyderabad, Jan 18 (INN): Finance Minister Etala Rajender on Wednesday said that the State Government has released Rs 1,402 crore towards subsidy for SC, ST, BC and Minorities employment loans in the State till now.

Stating that the state government was spending hugely on welfare sector the minister said that the government was preparing a plan to offer employment loans to marginalized sections.

Speaking during the Question Hour, Rajender said that the TRS Government had doubled the subsidy amounts to SC, ST, BC and Minorities. He said while the Congress government gave Rs. 372 crore subsidy during 2004-14, the TRS Government gave Rs 322 crore during 2014-15 and Rs 745 crore during 2015-16. He said that 5,07,480 applications were received for obtaining employment loans by individuals as well as groups by the Minorities, SCs, STs and BCs since June 2014, though bank linkage. (INN)

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