Enhancement of Annual Income Ceiling limit to Christian Minorities


Orders were issued fixing the Annual Income Ceiling Limit upto Rs.50,000/- under Subsidy Grant for Bankable Scheme to the Andhra Pradesh .State Minorities Finance Corporation Limited, Hyderabad.

Government  have  enhanced  the Annual Income Ceiling Limit from Rs.50,000/- to Rs.75,000/- under Subsidy Grant for Bankable Scheme to the A.P.State Minorities Finance Corporation Limited, Hyderabad.The  Managing  Director, A.P.State Christian (Minorities) Finance Corporation, Hyderabad has requested the Government to enhance the Annual Income Ceiling limit from Rs.50,000/- to 75,000/- under Subsidy for Bank Linked Income Generated Schemes and from Rs.55,000/- to 75,000/- under Training, Employment and Placement Scheme,  as  it  has  been  done  in  other  Welfare  Corporations  in  order  to implement the Scheme effectively and reach the Physical and Financial targets of the Schemes.

Government, after examination of the matter and taking into consideration of the policy adopted by the Backward Class Welfare Department regarding financial assistance schemes and on par with the A.P. State Minorities Finance Corporation, Hyderabad, hereby enhance the Annual Income Ceiling limit under subsidy Grant for Bankable schemes upto Rs.60,000/- in Rural Areas and Rs.75,000/- in Urban Areas in respect of A.P. State Christian (Minorities) Finance Corporation also in order to implement the Schemes effectively and reach the Physical and Financial targets of the Schemes.The Commissioner, Minorities Welfare Department shall take necessary action accordingly.

This order issues with the Concurrence of Finance (Expr.SW) Dept., vide their U.O.No.15435/202/A1/ESW/2013, dated.27.06.2013.

G.O.Rt.No. 149 Dated.28th August, 2013.

1. G.O.Ms.No.30, MW (MFC) Department, dated.23.07.2008.

2. G.O.Rt.No.273, MW(MFC) Department, dated.04.10.2012.

3. From the MD, APSC(M)FC, Hyderabad, Lr.No.APSCMFC/C1/2011, dated.19.10.2012.

4. G.O.Ms.No.3, B.C.Welfare (B3) Department, dated.16.03.2013.

5. From the MD, APSC(M)FC, Hyderabad, Lr.No.A7/Bankable/ASPCMFC/2013-14, dated.17.05.2013.

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