Loan to Gujarat Minority Finance Development Corporation

A proposal to waive the interest amount on overdue loan of Gujarat Minorities Finance and Development Corporation (GMFDC) was received. The National Minorities Development and Finance Corporation (NMDFC), in order to ascertain that the most part of the said loan was given to the beneficiaries affected by earthquake of 2001 and communal riots of 2002, requested the GMFDC / State Government to furnish beneficiary-wise details in the prescribed format for further consideration. The matter was again discussed in the Review meeting held on 1.3.2013 with the Managing Director of GMFDC and he was requested to furnish therequired information for consideration of waiver. The said details have not been received from the GMFDC.

This was stated by Dr. Najma A. Heptulla, the Minister of Minority Affairs in Lok Sabha yesterday.

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