Applications invited from BCs for grant of loans on subsidy

Vikarabad:  The Telangana Most Backward Classes’ Financial Development Corporation is inviting applications from the eligible for advancing personal and group loans under the BC action plan for the period 2017-18 and 2018-19. In an official release, applications are invited online through obmms website during March 24 to April 4.  

The annual income of the applicants should be less than Rs 1.50 lakh for rural candidates and Rs 2 lakh for urban candidates.  Those who belong to Telangana state should apply along with their caste certificate, income certificate and Aadhaar card details. 

The loans will be sanctioned for farm-based activities, for purchasing milch cattle, for installing borewell and motor and for self-employment activities. 

Subsidy component for unit if the value of the unit is Rs 1 lakh, is 70 per cent if its value is Rs 2 lakh and 60 per cent if its value ranges between Rs 2.1 lakh and Rs 12 lakh.