CWC Loan Scheme

Loans are granted by the Central Wakf Council/Central Government as the case may be for the development of Wakf properties, loan below Rs.20 Lakhs by CWC and above 20 Lakhs by Central Government. These loans are granted to Wakfs which present viable schemes. The Board has been encouraging Wakfs to avail of these Loans.

 

REVOLVING LOAN SCHOLARSHIP SCHEME

 

The Board has taken special care to give assistances by way of loan scholarship to poor and able students for perusing professional courses such as Engineering, Medicine, B.Sc. Nursing, B.Pharm, MBA, MCA etc. Now loan scholarships are paid at the rate of Rs.1500/- and Rs. 1250/- per month considering the nature of various courses. This matter is under review and the Board   proposes to increase the loan scholarship substantially from this year onwards.

The Board is giving loan to professional students from 1972 onwards. But it was not under a specific scheme of the Board. Firstly it was started to give financial assistance by way of loan to very poor and needy students only in rare cases. From 2002-03 the Board started a scheme for granting loans from the Board’s fund to the students of professional courses. In the beginning the loan amount  was at the rate of Rs.500/-, Rs.400/- and Rs.300/- considering the nature of the course. In the year 2002-03 loan scholarship were given to 55 students which was increased to 69 in the year 2003-04. In 2004-05, 68 students availed the loan and in 2005-06 the Board granted loan to 77 students.

In the year 2005 the Board decided to expand the scholarship scheme in the name and style “Revolving Loan Scholarship Scheme”. A separate Bank Account was started by the Board for this purpose and decided to transfer the Board annual budgetary amount for this purpose to this account. The motive behind the scheme is to recycle the scholarship scheme fund already given to the students. On completion of their course or getting employment the scholarship holders can repay the amount without any interest by instalments. The amount so repaid will be accrued to the corpus fund of this scheme, so that after 4 years the source of fund to the scheme will be the annual budgetary amount of the Board and the amount repaid by the students. Apart from these the Board is also intends to collect donations from the NRIs and other Industrialists which is permissible under section 77 of the Wakf Act, 1995. For this purpose a permission was also issued to the Board by the Government of India under the Foreign Contribution Regulation Act to receive foreign contribution. If such contributions are made the Board can run the scheme on a large scale basis and the Board can distribute this scholarships in a transparent and merit cum means basis. The individuals can also create wakfs for scholarships and same can be registered as a wakf under the Wakf Act.

In the year 2006-07 an amount of Rs. 8 lakhs was transferred to the corpus of this scheme. Later Rs. 50,00,000/- each were deposited by the Board in the year 2007-08 and 2008-09 and Rs. 25,00,000/- in the year 2009-10. Now the corpus fund of this scheme is Rs. 1.45,50,000/- and a number of students are getting scholarship out of it. From the year 2006-07 the scholarship holders started to refund the loan granted. In the year 2006-07 loan scholarship were awarded to 168 students and in the year 2007-08, 208 students. In 2008-09 the loan granted to the students were limited to 100 Numbers. The details of amount distributed in the previous years are given below.

 

                         Year                        Budget                       No. of                       Rate of
                                                        Amount                     students                   scholarship

                      2002-03                    1,50,000                        55                     500/400/300

                      2003-04                    2,00,000                        69                     500/400/300

                      2004-05                    4,00,000                        68                     500/400/300

                      2005-06                    5,00,000                        77                         500/400

                      2006-07                    8,00,000                       168                      1500/1250

                      2007-08                   50,00,000                      208                      1500/1250

                      2008-09                    5,00,000                       100                      1500/1250

Now the Board proposes to grant loan scholarship to all the students studying for professional courses from the year 2009-10 @ Rs.3000/- and also raise the number of students to 250 in 2009-10. 500 in 2010-11, 750 in 2011-12 and 1000 in the year 2012-13 and 2013-14. The proposed chart for sanctioning Loan from the year 2009-10 is given below.

                   Year                  No. of             Loan for 10                   Annual
                                           students                months                   Expenditure

                2009-10                 250                   30000                     7500000

                2010-11                 500                   30000                    15000000

                2011-12                 750                   30000                    22500000

                2012-13                1000                  30000                    30000000

                2013-14                1000                  30000                    30000000

 

Besides this the Board wishes to collect donation from the Muslim NRIs and other Muslim philanthropic persons who wish to promote education of Muslim community and to develop the revolving Scholarship scheme fund of the Kerala State Wakf Board. The intention of the Board is to create a specific Wakf from the donation accrued from the philanthropic Muslim persons and to use it as interest free Loan scholarship to Muslim students.

New scholarship are sanctioned annually by the Board after inviting applications on the basis of merit cum means. The awardees are bound to execute an agreement along with two sureties to ensure the repayment. Loan amount shall be refunded within 2 years of their completion of the course without any interest.

 

Matching Grant to Students

 

Besides the Loan scholarship given by the Board as detailed above the Board is giving matching grant (free scholarship) to 100 students studying for plus1, Technical Courses and Arabic Colleges with the share of Central Wakf Council. Rs. One Lakh each is spending for the matching grant every year.

                                          WAKF BOARD SOCIAL WELFARE (KERALA) SCHEME

                     (Approved by the Goverment. Vide G.O (MS). No.973/85/RD dated 19-11-1985)



Short title:- This may be called the Wakf Board Social Welfare (Kerala) Scheme-1985.


Defenitions:- In this Scheme unless the contest otherwise implies:
a) “Registered” in relation to Wakf means registered by the Kerala Wakf Board under the Wakf Act 1954(Central Act 29 of 1954).



b) “Scholar in Arabic language , literature and culture” means any person who has acquired the qualification – M.F.B, M.F.F, M.F.D. Afzalul – Ulama or other equalent qualifications which the Sanction Committee may recognize from time to time and who has imparted or has been imparting instruction in Arabic language and Islamic culture and teaching for a continuous period or not less than 10 years in any Arabic College/Colleges, Dars in Mosque/Mosques, Madrassa/ Madrassas and other institution/institutions run for research and higher studies in Arabic language and literature and possesses a certificate to that effect issued by the aforesaid “Registered” institutions and has completed 60 years of age and not able to support himself for his livelihood and whose annual income from in all sources does not exceed Rs.6,000/- (Income limit enhanced to 15,000/- from

1-4-96 and to Rs.22,000/- from 1-4-2003)*



c) “Teacher in Arabic language, literature and culture” means any person who has acquired sufficient knowledge in Arabic language, literature and culture certified so by a “Scholar in Arabic language, literature and culture”, approved by the Sanction Committee and possesses a certificate issued by “Registered” primary or secondary (other than those referred to under Rule2(b) institution/institutions in which he had been imparting or has been imparting instruction in Arabic language, Islamic culture and teachings or person who has been rendering service as “Imam” for a continuous period of not less than 10 years in any “Registered” institution /institutions or Mosque /Mosques and have completed 60 years of age and not able to support himself for his livelihood and whose annual income does not exceed Rs 6,000/- (Enhanced to Rs.15,000/- with effect from 1-4-96 and subsequently to Rs.22,000/- with effect from 1-4-2003)



d) “Khadim” means any person who had rendered or has been rendering service as an Attender in the “Registered” Arabic college/colleges or school/schools or Madrassa/Madrassas or Orphanage including the one engaged in attending and cleaning the ‘Registered mosque/Mosques and helping Imam for up-keeping the Islamic teaching, Culture and tradition for a continues period of not less than 10 years and possesses certificates for such experience and service from such registered institution/institutions and have completed 60 years of age and not able to support himself for his livelihood and whose annual income does not exceed Rs.6,000/- (Enhanced to Rs.15,000/- with effect from 1-4-96 and to Rs.22,000/- with effect from 1-4-2003)



3. Beneficiaries of the Scheme: The Beneficiaries of this scheme shall be:-

1. (i) “Scholars in Arabic language, literature and culture”

(ii) “ Teachers in Arabic language, literature and culture,” and

(iii) the “Khadim” as defined under Rule 2 (b) (c) & (d) above

respectively.

2.The benefit shall also be extended to :-

e) Orphans

f) Widows

g) Poor unmarried woman- towards marriage expenses

h) Poor homeless persons – for constructing houses

i) Destitutes:-

j) Lepers & persons suffering from chronic dieases

k) Handicapped persons

l) Poor and brilliant students studying in Arabic Colleges, Madrassas, Darz in Mosques Schools, Colleges, Technical & Scientific institutions including medical and Engineering colleges and for special coaching in I.A.S., I.P.S. and other examinations conducted in imparting training and job opportunities.

m) Publication of books on Islamic culture, literature and tradition by deserving scholars and eminent writers.*

__________________________________

1. Income limit enhanced to Rs.15,000/- with effect from 1 – 4 – 96 vide G.O.(MS) No.355/99/RD dated 13 – 9 – 1999.

2. Income limit enhanced to Rs.22,000/- with effect from 1 – 4 – 96 vide G.O.(MS) No.241/2003/RD dated 5 – 8 – 2003.

3. The benefit shall also be available to:

i. Orphanages

ii. Arabic/Islamic Nursery schools;

iii. Arabic colleges,Madrassas and Mosques

iv. Aid to introduce Islamic studies and literature in Universities.

4. To any other purpose, the sanction committee deems fit and suitable for the prospective

implementation of the scheme.



5. Sanction Committee and its functioning:-



a. The sanction committee shall consist of the Ministers shall consist of the Ministers of the Kerala Wakf Board.

b. The Secretary of the Wakf Board/ Wakf Commissioner shall be the Convenor and the Secretary of the Sanction Committee.

c. The meeting of the sanction committee shall ordinarily be held once in three months or as decided by the committee from time to time or as directed by the Chairman of the Wakf Board and the matters coming up for decisions of the committee, shall be taken unanimously or by the majority votes of members present.

d. The meeting of the sanction committee shall be presided over by the Chairman of the sanction committee or in his absence,any member of the sanction committee, elected for the time being from among the members of the committee as member presiding. The quorum of the sanction committee shall be half of its total members

e. The meeting of the sanction committee shall ordinarily be held at the Head Quarters of the Kerala Wakf Board at Ernakulam or at any place as directed by the Chairman of the Wakf Board.



5) Powers of the Sanction committee:-

The sanction Committee shall have powers:

(1) to call for application for financial aid from eligible persons and institutions

under the Scheme, through the convenor and Secretary/Wakf Commissioner.

(2) to conduct necessary enquiries on the application and all matters covered by this Scheme through Revenue authorities or through the officials of the Wakf Board or both, or as may be decided by the committee from time to time.

(3) to scrutinize the applications and pass orders sanctioning or rejecting the applications for financial aid.

(4) to decide and pass orders on the eligible amount of financial aid and its duration on all applications and matters covered by all the items other than those referred to under sub rule 1(i), (ii), & (ii) of Rule 3 above. The quantum and duration of financial aid in respect of persons coming under sub rule 1 (i),(ii)&(iii) of Rule 3 are separately laid down under Rule 7(i)

(5) to sanction and invest suitable amount towards shares of the Board in the proposed Kerala State Wakf development Corporation with the aim of securing prospects and profits and popularizing the activities laid down in this scheme and also to incur necessary expenditure required for the purchase of necessary furniture, equipment, vehicles and other materials and also for appointment of staff and all other matters which the sanction committee, deems fit and necessary for the speedy implementation of the scheme.

(6) to review the financial status or other materials details of the person or institution to whom or to which the financial aid is given and cancel, reduce or enhance the aid at anytime if circumstances warrant; and

(7) to do such other acts which are found necessary for the future prospects and for the proper implementation of the scheme.

*Amendment

In Rule 3 after sub Rule 2 (i) the following provisions shall be added as sub rule 2 (j)

Sub rule 2 (j) To pay maintenance to the Divorced Muslim Women as determined by a Magistrate ubder Section (1) and (2) of Section 4 of the Muslim Women (Protection of Rights on Divorce)Act 1986 (Central Act 25 of 1986) ( G.O. (MS) No. 308/95/Rd dated 14 – 6 – 1995).



6. Eligibility for financial aid:-

a. The financial aid under this scheme may be sanctioned to any person

referred to under sub rule (i),(ii) and in sub rule 2 (a) (b),(c),(d),(e),(f),(g),(h), & (i) and to the institutions mentioned under Sub Rule 3(i),(ii),(iii) & (iv) of Rule 3 and for any other purpose, as contemplated under sub rule (4) of Rule 3.


b. Persons or institutions receiving any other grant from the Government shall not be eligible to get the financial aid under this scheme, for that purpose.

Explanation:-

(i)The eligibility of persons referred to under Rule 1 (i),(ii),(iii) of Rule 3

shall be subject to the qualification, age, experience, income and other

conditions, etc. laid down in the definition under Rule 2(b),(c),&(d)


(II) The Persons referred to under sub Rule 2 (a), (b),(c) (d),(e),(f),(g),(h),& (i) of Rule 3 shall be eligible to apply for financial aid only if their applications contain certificates showing the income and the genuiness of application issued by the Revenue authorities or their Jama-ath Mahal registered in the Wakf Board or by the competent authorities of the institutions, not liable to be registered in the Wakf Board as the case may be.

(iii) Institutions referred to under Sub Rule 3 (i),(ii)&(iii) of Rule 3 shall be eligible to apply for financial aid only if their application contain an affidavit of the competent persons of the institutions showing the financial position and genuineness of the application, duly attested by a Gazetted officer which shall be verified and enquired by the Revenue authorities or the officers of the Board as decided by the Sanction committee from time to time.

(iv) The financial aid to those referred to under such rules 1 (i),(ii),(iii) and sub Rule 2(a), (b),(c) (d),(e),(f),(g),(h),& (i) of Rule 3 shall be available to persons whose annual income does not exceed Rs.6,000/- and in all other cases referred to under Sub Rule 3(i),(ii),(iii) & (iv) of Rule 3 the availability considering the merit of each application: may be as decided by the sanction committee. (Income limit enhanced to Rs. 15,000/- with effect from 1- 4 – 96 and to Rs. 22,000/- with effect from 1-4 -9 (3)

7. Amount of financial aid and its duration:

1. The financial aid to the persons referred to under sub Rule 1 (i),(ii) &(iii) their death or till their monthly income does not exceed the prescribed limit at a monthly rate of

Rs. 150/-, Rs.100/- and Rs. 75/-respectively.

2. The quantum and duration of the financial aid to those referred to under Sub Rule 2(a),(b), (c),(d),(h), & (i)and Sub Rule 4 of Rule 3; on consideration of the merit of each application or case may be as decided by the sanction Committee**.

8. Suspension and cancellation of aid:-

(a) If, at any time it is satisfactorily brought to the notice of the Sanction Committee that any financial aid was sanctioned by the committee or wrong or false information or mistaken grounds, the committee shall cancel the aid .The Chairman of the Wakf Board , on getting information, shall be empowered to suspend the aid, pending consideration by the Sanction Committee. The aid is liable for cancellation for the person getting the aid is absent from Kerala without sufficient and convincing reason for over 3 consecutive Calender months.

(b) The finanacial aid under this scheme shall in all cases, subject to the condition laid down in this Rule, be available only to persons permanently residing in Kerala with membership in any Mahal or Jama-ath and only to the institutions established and run within the territorial limits of Kerala and having registration in the Wakf Board.

9. Method of Payments:-

The amount of financial aid due in a month shall be paid, before the 10th of every month by the Convenor and Secretary / Wakf Commissioner to the person or institution to his/its address by Money Order or Crossed cheque on proper acknowledgement. All other payments, which are not recurring in nature, be paid to the persons or institutions as per the directions of the Sanction Committee after obtaining proper receipt acknowledgement. The Convenor and Secretary/Wakf Commissioner shall open and maintain separate registers for keeping the accounts on allotment, sanction and disbursement of financial aid. He shall also prepare and submit before every meeting of the Sanction Committee, monthly statement of account on allotment, sanction and disbursement with balance thereon, for its approval.

10. Sanction to be regulated with reference to the amount of grant:

The Government may from time to time with the aim of popularising the scheme and to implement it properly issue, to sanction committee such general or special directions as they may deem fit and in the performance of its duties and exercise of its powers, the Sanction Committee shall comply with any such direction.

(b) Powers to amend the scheme.

The Powers to amend this scheme subject to the consideration of the suggestions and opinions of the Wakf Board Shall be vested in the State Government

11. Competent person to sign the order of Sanction/rejection on application:

The financial aid applied for shall be ordered or rejected by putting signature on the application form by the Chairman of the Sanction Committee or in his absence the Chairman of the Wakf Board on in his absence the member presiding in the meeting of the Sanction Committee. Every sanction or rejection of the application shall be followed by aproceedings of the Committee.

12. Minutes,Agenda and Notice of the Meeting:-

The Convenor and Secretary/Wakf Commissioner after having the approval of Chairman of Kerala Wakf Board fix the date, place and time of the meeting and communicate the notice thereon to the members of the committee along with the Agenda containing notes on each item prior to 7 days of the date of meeting. He shall keep and maintain the minutes of the meeting and shall present before every meeting of its approval by sending the extract of the minutes to every member together with the agenda and the notes thereon.

13. Change of address:-

The Change of Address of the person / institution to whom / which financial aid is granted shall immediately be communicated to the Convenor and Secretary and Secretary / Wakf Commissioner by the person / institution concerned.

14. Interpretation:-

If any doubt or dispute arises with reference to the interpretation of any of the clauses of this scheme the matter shall be referred to the interpretation of any of the clauses of this scheme the matter shall be referred to the Government whose decision on the same shall be final.

15. Forms:-

(a) The application for financial aid shall be in term & Appended to this Rule.

(b) The Sanction Committee shall have powers to prescribe any form other than the one referred to under Rule 15 (a) above as found necessary in future for the implementation of the scheme.


 

 
 
 
 
 

 

 

 

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