Prime Minister Dr Manmohan Singh Inaugurates National Waqf Development Corporation Ltd (NAWADCO)Wednesday Jan 29,2014

Prime Minister Manmohan Singh with UPA Chairperson Sonia Gandhi and Minority Affairs Minister K. Rahman Khan during the inauguration of National Waqf Development Corporation in New Delhi on Wednesday.Jan 29,2014

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