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New loan scheme for Scheduled Castes students

Special Correspondent

`Dalit industrial policy' on the anvil `Dalit industrial policy' on the anvil

HYDERABAD: The Andhra Pradesh Scheduled Castes Cooperative Finance Corporation has introduced a new scheme to give direct loans to SC candidates pursuing professional courses in the light of lack of cooperation from commercial banks.

Named "Ambedkar Vidya Prabha," the scheme will extend Rs. 3 lakhs for medical course, Rs. 2 lakhs for engineering and Rs. 1 lakh in case of Master of Business Administration (MBA) and Master of Computer Application (MCA) students.

Listing out the achievements of the Corporation at a press conference here on Friday in the context of the Y.S. Rajasekhara Reddy Government completing one year in office, its chairman, R. D. Wilson, said that the corporation would shortly announce a "Dalit industrial policy."

It would give direct loans of Rs. 5 lakhs to Rs. 25 lakhs in each case avoiding commercial banks, which were unwilling to participate in welfare schemes. He also announced enhancement of stipend to Rs. 500 a month from Rs. 350 to those going for training in different trades such as printing technology.

Mr. Wilson said the corporation had numerous properties in the State worth Rs. 1,200 crores but some of them were encroached.

Possession of land

A decision was taken to take possession of these lands. The non-Scheduled Castes occupying shops in the shopping complexes constructed by the corporation would be evicted. Notices were already served in case of Prakasam, Nellore, Kurnool and Visakhapatnam districts.

Two schools would be set up each in Coastal Andhra, Telangana and Rayalaseema for the children of jogins.

Priority would be given to land purchase scheme for the benefit of the poor and down-trodden sections for which Rs. 20 crores was sought from the State Government.

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