Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
Read all Latest News and Updates from Gurgaon
MCG to assign Rs. 70 crore for economically weaker sections of society
In a first of its kind move by the Municipal Corporation of Gurgaon (MCG), 70 crore will be assigned it its annual budget for the current financial year to provide the economically weaker sections (EWS) of society, the micro-finances assistance that they have always longed for. Also, a special fund has been allocated for EWS housing.

By the Section 72 (A) of the Municipal Corporation Act (2009), it is mandatory that a separate fund known as 'Service To Poor Fund' should be constituted to render services to the residents of the slum areas and also to the other people belonging to the EWS category.

Praveen Kumar, MCG commissioner told Times Of India, "There is a provision in the Act by which we can earmark a special fund in our annual budget for the welfare of weaker sections and we want to use this provision to ensure that the poor get financial benefits from the municipal corporation. We have, therefore, decided to allocate Rs 70 crore to provide financial assistance if they want to start a small business, among other things,"

He also said, "At present, if they want to start a small business, they cannot do so as the interest charged by private entities is huge. We will provide loans to them at a cheaper rate and also provide free items like wheelchairs, cycles and other necessary things free of charge. This is the first time we are including this in our budget."

The officials said that the MCG also has plans to build houses for them but the money to build those houses will not be a part of the Rs. 70 crore endowment. According to the officials, the cost in building these houses will be taken from the funds that are meant for other engineering works in the city.

COMMENTS (1)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement

Interesting content

merinews for RTI activists

Create email alerts

Total subscribers: 208426
Advertisement
Not finding what you are looking for? Search here.