More fund for cheap interest loan to tribal: Gujarat Assembly passes Adijati Vikas Corporation(Amendment) bill

Gandhinagar: Gujarat Assembly today passed Gujarat Adijati Vikas Corporation(Amendment) bill unopposed. With this the capital fund of the corporation will be hiked from existing Rs 50 crore to Rs 65 crore. Moving the bill, tribal development minister Ganpat Vasava said the corporation gives personal loan for 85 different purposes. In 2016-17 532 tribal persons were given 6% interest loan in Rs 5 lakh limit worth total Rs 17.82 crore. 1496 cooperative groups functional in tribal areas were given loan for 39 different purposes. So far 187 tribal students are given upto Rs 15 lakh loan at 4% interest rate for MBBS and other higher education courses. 19 tribal beneficiaries are given Rs 4% interest loan upto Rs 25 lakh worth total Rs 2.13 crore for commercial pilot training abroad. Law graduates are given stipend for three years. So far 581 law graduates are given Rs 1.81 crore assistance. Short term loan upto Rs 10,000 is offered to tribal farmers for seeds and farm tools. So far 8,618 beneficiaries are given Rs 8 crore worth of total loan. Other loans are given for lawyer’s practice, starting of agency for educated unemployed youths, doctor’s practice, small businesses etc purposes. The corporation was set up in 1972. The share capital was increased to Rs 15 crore in 1988 and Rs 20 core in 1995. In 2001 then Chief Minister Narendra Modi had increased the fund to Rs 50 crore. Today it has been further scaled up to Rs 65 crore.

DeshGujarat