Telangana minorities corporation asked to make changes to loan applications

Hyderabad : The Association for Socio-Economic Empowerment of the Marginalised (ASEEM) has written to the Telangana government calling on them to resolve issues in the submission of applications for economic scheme under the Telangana state minorities finance corporation (TSMFC).
The economic support scheme intends to lend subsidies with bank linkage to minorities so that they can set up business units with a view to secure social betterment, economic development and general upliftment.
The letter was addressed to Telangana minister for minorities welfare Koppula Eshwar, Minority Welfare Department’s Principal Secretary, TSMFC’s Chairman and its MD.
Also Read Telangana HC extends stay on notices to BL Santhosh Addressing loopholes, Secretary of ASEEM, SQ Masood spoke about the eligibility criteria issued by the TSMFC chairman. The chairman had said that the white ration card/food security card qualified as proof but he failed to include the income certificate. The portal however, states that income certificate is mandatory.
The online portal of the Telangana State Online Beneficiary Management and Monitoring System asks for an active ration card registration and rejects the application if they don’t have the same. This, ASEEM argues, means that the food security card is treated as a primary source of income.
If the ration card goes through, the portal asks for income certificate issued by the Tahsildar as mandatory. ASEEM argues that it is “irrational and unnecessary” to ask for an income certificate after asking for the ration card. A ration card is anyway issued to a person after due verification that they have an annual income of less than 2.0 lakhs.