Prime Minister Manmohan Singh said Waqf assets have the potential of generating considerable returns which could be used for socio-economic development of the community
Launching the National Waqf Development Corporation Limited (NAWADCO) he said it will help facilitate and mobilise financial resources
for starting schools, colleges and hospitals on Waqf properties in a
transparent manner.
“Today we take another step forward in our efforts to promote the
interests of minorities in our country,” the Prime Minister said.
Note
The Corporation is one of the several initiatives that the Minority
Affairs Ministry has taken since its inception in 2006.
The Central Government has
recently enacted the Waqf (Amendment) Act, 2013
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