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SC/ST entrepreneurs receive 37 crore loan in Coimbatore

SC/ST entrepreneurs receive 37 crore loan in Coimbatore

Housing and urban development minister S Muthusamy distributed a loan of 37.52 crore to 68 Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs under the Annal Ambedkar Business Champions Scheme to promote them.

He said it was a result of a collective effort by various banks, authorities and entrepreneurs. The loan was disbursed through the Small Industries Development Bank of India, State Bank of India, Indian Overseas Bank, HDFC and the Union Bank.

“The scheme provides a capital subsidy of 35% for a maximum amount of Rs1.5 crore to promote SC/ST entrepreneurs. The loan will be disbursed to more beneficiaries in the coming days to encourage entrepreneurship,” the minister said, while addressing the media at the district collector office after garlanding the statue of V O Chidambaram Pillai (Kappalottiya Thamizhan) on VOC Ground to mark his 152nd birth anniversary.

Pointing out that Maruthamalai temple was attracting more crowds than expected, he said lack of parking space was causing traffic congestion. “To address the traffic woes, we have identified eight acres to be developed as a parking lot. Shops located along the way to the hill temple will be relocated to nearby areas to make space for devotees,” the minister said. He said the way to the temple was also being repaired.

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When asked about the revision of working hours of Tamil Nadu State Marketing Corporation (Tasmac) outlets in the state, Muthusamy, who is also holding the portfolios of prohibition, excise, and molasses, said, “We are working on this and further announcements will be made in this regard after a month.”

 

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