Budget: Lending to minority communities soars
Posted on Feb 17 2014 | IBNS
New Delhi, Feb 17 : Volume of lending to the minority communities had soared from Rs 4,000 crore in the year 2004-5 to Rs.66,500 crore in the year 2013-14.
Presenting the Interim Budget in the Lok Sabha on Monday, Union Finance Minister P. Chidambaram said that ten years ago, the minorities had 14,15,000 bank accounts in 121 districts of India where there is concentration of minorities.
At the end of March 2013, they had 43,52,000 accounts and volume of lending rose to Rs 66,500 crore.
Loans to minorities communities in the whole country stood at Rs.211,451 crore at the end of December 2013.