Hyderabad: President of Telangana Minority Finance Corporation, Muhammad Imtiaz Ishaq, announced a shift in plans for the subsidy loan distribution program.
Originally scheduled for August 16, the program will now take place on August 19 in various districts, including the exhibition grounds. This change was attributed to the Independence Day celebration and a three-day bank holiday.
The subsidy loan checks, totaling Rs. 1 lakh, will be handed out on August 19 instead of the initially planned date. This update was conveyed through a press release by President Muhammad Imtiaz Ishaq.
The schedule alteration is in response to the extended holidays, and it is important to note that the government’s decision to provide a Rs. 1 lakh check to 10,000 beneficiaries in the first phase will proceed without requiring bank links.
Those who applied for loans through the Telangana Minority Finance Corporation will not have to repay the amount.
