An Analytical Study on Financial Assistance to Muslim Minorities by APSMFC in Guntur Dist, A.P.

This article covers An Analytical Study on Financial Assistance to Muslim Minorities by Andhra Pradesh State Minorities Finance Corporation in Guntur District. The fundamental objective of the present study is to provide the Financial Assistance as well as to uplift the weaker sections of Minorities as: Muslims, Sikhs, Buddhists, Parsis and Jains for their Socio-Economic development in collaboration with Banks and Corporation provides Subsidy and Interest Subsidy, and providing margin money loans & Direct Loans, with the assistance of Government of Andhra Pradesh and NMDFC (National Minorities Development Finance Corporation) for setting up of Business, Agricultural, Industrial, Service and other allied viable activities and Grant - in - Aid for welfare scheme. All the people falling under Minority communities in India get benefits in education and employment opportunities. Financial Assistance to Minorities plays a vital role because Minorities have been considered as the engine of social - Economic growth. It encourages the new entrepreneurs by providing them the loans and helping their dreams to be alive and come true. Andhra Pradesh State Minorities Finance Corporation has promoted many minority people and helped newly emerging entrepreneurs to develop their plan towards their objectives and implement it, which also helps in economic growth of the country and it also provides employment opportunities to many people.