Hyderabad, July 12 (NSS): Chief Minister N. Kiran Kumar Reddy has said that sometimes a small
change in the policy may bring a revolutionary change in the lives of individuals, the State and the
country. Here the change is “Pavala Vaddi” which brought about a lot of progress in the lives of
one crore poor IKP women in the State. Before 2004, Rs 500 crores was given to women under the
government lending programme, but the recovery rate was only 10 to 20 per cent, the Chief Minister
The Chief Minister said a small change in the policy in the shape of “Pavala Vaddi”, a
revolutionary change took place in the programme. An amount of Rs 7,000 crores was lent and the
recovery rate was 97% last year and this year Rs 9,000 crores was being given and expected recovery
rate will be 97 or more per cent, he added.
The Chief Minister was the chief guest in the ground breaking ceremony of Schulich School of
Business – GMR Campus held at Shamshabad today. Speaking on the occasion, the Chief Minister
said his government strongly believes that education will change the family of the individual and the
nation and that is why the government was focussing on providing quality education to everyone
competing with corporate education. Rs 3,500 crores were being provided as fee reimbursement and
scholarships to 27 lakh students per annum in the State, he added.
The Chief Minister congratulated the GMR Group Chairman, Mr G Mallikharjuna Rao, who is a
visionary providing quality education, health and employment to a number of people of his native place.
Mr Mallikharjuna Rao welcomed the gathering. Mr John Hunkin and Dr Dejo of Schulich

School of Business also spoke. Mr Raghunath, CEO, GMR Varalakshmi Foundation, proposed a vote
of thanks. (NSS)

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