World seeing India in new light: Mukhtar Abbas Naqvi

“Despite allegations of economic slowdown, the country has emerged as a strong economic power. The world now sees India as a strong economic power,” said Union Minorities Welfare Minister Mukhtar Abbas Naqvi.

By Author   |   Published: 5th Oct 2017   8:45 pm
Union Minorities Welfare Minister Mukhtar Abbas Naqvi (Centre) with Telangana Finance Minister Etela Rajender (Left) and MP Bandaru Dattatreya (Right)

Hyderabad: Asserting that the NDA government was committed to put an end to corruption, Union Minorities Welfare Minister Mukhtar Abbas Naqvi on Thursday said the world had begun to see India in a new light.

Speaking at a camp organised to promote the Pradhan Mantri Mudra Yojana at Kotla Vijaya Bhaskar Reddy Indoor Stadium, he said: “Despite allegations of economic slowdown, the country has emerged as a strong economic power. The world now sees India as a strong economic power.”

The Mudra Yojana, launched on April 8, 2015, had benefitted many people and had provided loans to the tune of Rs 9.13 crore, he said, adding that a substantial number of the beneficiaries were women (76 per cent) and those belonging to SC, ST, OBC and minorities (55 per cent).

Stating that the demonetisation exercise had started giving results, Naqvi said the Direct Benefit Transfer had ensured transparency as money was deposited directly into the bank accounts of the beneficiaries.

“Under the Mudra Yojana and various other schemes such as Start Up India, Stand Up India, loans are being given in various categories – up to Rs 50,000 in Shishu category, from Rs 50,000 to Rs 5 lakh under Kishor category and from Rs 5 lakh to Rs 10 lakh under Tarun category,” he said.

Finance Minister Etela Rajender, giving the State government’s perspective on the issue, said banks need to lend more to the poor though there has been progress on this front in recent times.

“When it comes to Jan Dhan Yojana, the Telangana State government was the first to take up the programme and successfully implement it. Even the push the Central government gave for promoting cashless transactions was taken up in a similar stride. I am proud to say that be it cashless transactions or any other scheme, the State government has implemented them and come out with flying colours,” he said.

Former Union minister and BJP MP Bandaru Dattatreya said the ‘Mudra Yojana’ enabled women and the poor to avail loans from banks which earlier used to benefit only the well-off sections more.

State Minister for Panchayat Raj Jupally Krishna Rao said there were several instances when people were earlier struggling to get loans, but now even a barber can avail a loan through this scheme. “The State Government has been doing its best to enforce the schemes, so that all the beneficiaries reap the benefits,” he said.