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The funds have been released by NSTFDC through State Channelising Agencies (SCAs) and PSU banks/ RRBs having refinance agreement with NSTFDC to 8,67,830 STs for their economic empowerment.
In her inaugural address at the National Conference of the Managing Directors of State Channelising Agencies of National Backward Classes Finance and Development Corporation (NBCFDC) here, she added that the state corporations should assist the needy people of the target group not only through credit but also counseling on business and related activities.
Addressing the post-budget press conference and replying to a question here Sunday, Finance Minister Dr Abdul Hafeez Shaikh said that the government was channelising more resources for the development and rehabilitation of FATA, adding the tribal areas would get $1 billion under multi-donor funds.
Those under the scanner also include some listed firms and their promoters who regularly offer their services for channelising black money and evading taxes through use of stock exchange platforms.
The Gujarat Minorities Development and Finance Corporation, the State Channelising Agency in Gujarat, has requested for waiver of loan of Rs.
Aqil, a 15-year-old back then, dedicated much of his time collecting funds and channelising them to build drinking water wells in remote villages in Afghanistan.
Given the massive demand, governments across the GCC are now channelising money into power and water projects with investments reaching $25bn last year.
Manmohan Singh, on Monday called for channelising the immense energy of youth in a positive way to successfully address national challenges.
Teachers left teaching and were channelising all their energies in compelling the students to sell tickets.
Those under the scanner also include select listed companies and their promoters who regularly offer their services for channelising black money and for evading taxes through use of stock exchange platforms.
It is focussed on channelising Saudi investments into Indian infrastructure projects and promoting joint exploration and production of hydrocarbons.
By channelising the domestic money into infrastructure projects, the government can have a much more comfortable position in the market by having a reasonable leverage against the debt in a Sharia-compliant way.
Tripura's Arindam Halder, one of the trainers in the project, is not sparing any effort in training unemployed youth and channelising their energy for productive purposes.
The prime focus of the Dubai operations would be channelising capital from the Middle East for opportunities in India, setting up of complimentary alliances between groups across a wider array of businesses and leveraging on the infrastructure opportunities in the Middle East and India.
The project involves channelising surplus water from the Ken river to the Betwa Basin through a 221- km canal.