Lok Sabha Question No. 163 (UNSTARRED), answered on 2016-02-24
Subject: Utilization of Funds by Maulana Azad Education Foundation
Ministry: MINORITY AFFAIRS
Asked by: MAULANA BADRUDDIN AJMAL

## GOVERNMENT OF INDIA MINISTRY OF MINORITY AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 163 TO BE ANSWERED ON 24.02.2016

## UTILIZATION OF FUNDS BY MAULANA AZAD EDUCATION FOUNDATION

## 163: SHRI BADRUDDIN AJMAL:

Will the Minister of MINORITY AFFAIRS be pleased to state:

- (a) whether  it  is  true  that  out  of  total  funds  allocated  to  the  Maulana  Azad  Education Foundation  (MAEF),  only  few  percent  amount  has  been  released  during  the  last  few years;
- (b) if so, the details of the funds allocated to MAEF during the last three years along with the details of funds utilised ; and
- (c) the projects/schemes being implemented by the foundation?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF MINORITY AFFAIRS (SHRI MUKHTAR ABBAS NAQVI)

- (a) and (b) No, Madam. The Ministry of Minority Affairs has released the entire earmarked funds  to  contribute  to  the  Corpus  fund  of  Maulana  Azad  Education  Foundation  (MAEF) during  last  two  years  and  the  current  financial  year.  Further,  the  MAEF  earns  interest  by investing the Corpus fund, which is its only source of income. This interest amount is utilized for implementation of schemes by MAEF. The details of funds allocated in favour of MAEF, the amount released by the Ministry as contribution to Corpus fund and the amount utilized by MAEF out of the interest earned in last two years and the current year are as follows:
- (c) The MAEF implements two schemes for minorities which are as follows:
- (i) Maulana Azad National Scholarships to Meritorious Girls belonging to Minority communities;
- (ii) Grant-in-Aid  to  Non-Governmental  Organizations  (NGOs)  for  development  of educational infrastructure.

| Financial Year   |   Budget earmarked for MAEF for Corpus (Rs. in Crore) |   Funds released by the Ministry to the Corpus of MAEF (Rs. in Crore) | Amount earned as interest by MAEF (Rs. in Crore)   | Amount Utilized by MAEF out of interest earned (Rs. in Crore)   |
|------------------|-------------------------------------------------------|-----------------------------------------------------------------------|----------------------------------------------------|-----------------------------------------------------------------|
| 2013-14          |                                                   160 |                                                                   160 | 85.83                                              | 57.23                                                           |
| 2014-15          |                                                   113 |                                                                   113 | 105.14                                             | 59.90                                                           |
| 2015-16          |                                                   113 |                                                                   113 | 72.47 (as on 31.01.2016)                           | 4.68 (as on 31.01.2016)                                         |

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