Approve loans for youth enterprises: CM Devendra Fadnavis

Mumbai: Chief minister Devendra Fadnavis has directed bankers to immediately approve loan proposals that have been sent by the Annasaheb Patil Corporation for businesses run by youth. Mr Fadnavis conducted a meeting to discuss the issue of granting loans to the state’s youth in the backdrop of the Maratha stir. He also reviewed the status of fee-reimbursement and scholarship to students pursuing professional  courses.

He held a meeting with the bankers association, senior nationalised bank officers and the officers of the concerned departments. Revenue minister Chandrakant Patil, skill development minister Sambhaji Patil Nilangekar, and chief secretary D.K. Jain also attended the meeting.

Though the state government had announced the loan scheme for young entrepreneurs through the Annasaheb Patil Corporation and was sharing 50 per cent of the financial burden, banks have not been cooperating. Mr Fadnavis asked bankers to clear the proposals sent immediately.

He also reviewed the status of fee reimbursement and the scholarship issue. He said the government had asked professional colleges to take only 50 per cent fees, as the government would pay the remaining 50 per cent. But many colleges had taken 100 per cent fees from the students. The government will file an FIR against these colleges. The IT department is establishing the web portal for the fees reimbursement and scholarship scheme.