 NEW DELHI: A high-level committee appointed by Prime Minister Manmohan Singh to study the economic, educational and social status of Indian Muslims revealed that most public and private banks were declining loans to Muslims. Moreover, it said Muslims were facing social boycott at some places and it was becoming increasingly difficult for them to sell and purchase residential properties. âThere is an implicit diktat that loans should not be given in specific areas dominated by Muslims because of the apparently high probability of default. Almost all major banks suffer from this syndrome and this discriminatory approach needs to be altered,â the committee said in a press release on Friday.
| Is it just me, or does that statement make no sense? Why would you force banks to make loans to people who're likely to default on them? If the gummint's that concerned about making sure deadbeats get loans, why doesn't the gummint loan them the money? |
The seven-member committee, led by former Delhi High Court chief justice Rajinder Sacchar, toured the Bharatiya Janata Party (BJP)-led western state of Rajasthan for three days and reported a sense of insecurity among Muslims across the state. The committee also felt that there was a deepening mistrust between the Muslim and Hindu communities. It added that Muslim non-government organisations (NGOs) were not getting approvals to establish educational institutions and other welfare services.
| Y'mean they don't want any more madrassahs? I wonder why that could be? |
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