Under T-PRIDE, Interest Rate Are Reduced: KTR

IT Minister KTR slammed the Centre for hijacking the achievements of the State govt through misleading advertisements.

The Minister said: “In the 75 years of Independent India’s history, Telangana State was the 1st and only State to supply drinking water to all households under Mission Bhagiratha. The Centre has not given a single paisa for the project, but released huge advertisements with pictures of the Prime Minister giving credit to its ”Har Ghar Jal” scheme for the achievement.”

He also emphasized the need for promoting positivity in society and pointed out that the media especially social media was being misused to spread hatred.

During his speech, Rama Rao`314z recalled how Ambedkar authored laws to protect the minority from the majority's tyranny and how his vision helped Telangana be created out of erstwhile Andhra Pradesh. He stated that State would not have been realised in a lifetime without the provisions embedded by Ambedkar in the Constitution to protect the minority.

“Chief Minister KCR’s approach is to address the bottom of the pyramid. Various economic studies assert that the Dalits are the most downtrodden in the country. We decided to start the empowerment journey here. We have so far given Dalit Bandhu to about 40,000 people in the first year itself. We have set a target of two lakh Dalits this year. The Dalit community should also think on ways to create wealth,” the Minister said.

“If one family gets Rs 10 lakh, it is not necessary that only that family should set up a unit. Several families can come together and create a bigger unit anywhere in the State. The focus should be on wealth creation. If we do not do this, this will be a historical mistake.” He said

Rama Rao also said Telangana State will reduce the interest rate paid on the instalments from the current 16% to 4% under the Telangana Programme for the Rapid Incubation of the Dalit Entrepreneurs (T-PRIDE). The unique scheme allows direct funding of SC/ST entrepreneurs. Under this, 50% subsidy is given on the land costs and the remaining is allowed to be paid in instalments.