Community News

Loans from Maulana Azad Corp not easy

Taking loan from Maulana Azad Minority Development Corporation in Maharashtra has become complicated. The state government has imposed the condition that the applicant for loan has to produce a guarantor who must be a government employee. Protesting this decision, Dr. Faizan Ahmad Azizi, member of the Monitoring Committee for Minority Education, has written letters to the Prime Minister Narender Modi, Chief Minister Devendera Fadnavis and state minister for minority development. Dr. Faizan has demanded that the condition should be dropped so that the needy could get loans without any hassle. He further said that getting loans from Maulana Azad Corporation was not so easy earlier, but after this condition it had become even more complicated. The State government had established this corporation to provide loans to the minorities so that they could stand on their feet. But after the announcement of this new condition it has become more difficult to get loans from this corporation. Dr. Faizan said that students from weaker sections too are provided educational loans from Maulana Azad Corporation. He has doubted if loans for students will be available easily once this order is implemented. He said that there is a dearth of government employees in the Muslim community, and if this new rule is implemented, students and other needy people from minority communities would not get any financial benefit from Maulana Azad Minority Financial Development Corporation.

This article appeared in The Milli Gazette print issue of 1-15 January 2015 on page no. 15

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