A news report in 'The Telegraph' was very heart warming, and besides our community others are also beginning to realize the immense potential and the larger good that can be done for the less privileged by way of Karzan Hasanah.
The report states that under the auspices of West Bengal Minority Development and Finance Corporation, the West Bengal Chief Minister Mr.
Bhattacharjee gave Rs: 1.76 crores as educational loan. without interest to more than 270 Muslim boys and girls. The amount is to be repaid in monthly installments after the completion of the courses.
With the job market having tremendous scope and potential for the qualified professionals in various fields, which keeps expanding as the Indian economy surges ahead. The earning potential of the professionals, which starts immediately on completion of the course and finding a good job, makes repayment of the loan very easy.
Many years ago I had written an article on Karzan Hasanah, which is on my home page, and all along I had dreaming of making the K.H. Concept more broad based, covering areas other than business loans. If we are genuinely concerned with the upliftment of the less privileged section of the Society, we have to be very practical and pragmatic.
I have seen when the repayment installments are small and over longer period of time, taking into consideration, the income of the borrower and deducting reasonable house expenses, the repayments are timely.
With financial help from a friend I have in my very small way arranged for Educational Loans, specially for students who have succeeded in JEE or planning to prepare for JEE. I foresee a tremendous potential, as we can help in bringing about financial security to an entire family, by helping one of its child, who is good in studies.
There are many such success stories where a single child of the family after studying hard and landing a good job, has been able to help his family in a lot of ways. Buying bigger house, sending Parents for Haj, looking after the education of his siblings etc:
Once a student knows that finance will not be a constraint, it will not be a road block to his achieving his dream, he will surely give his best. He gets motivated, his parents are more relaxed and encourage him. I have seen the 'Mein Hu Na' effect does a world of good. I am not merely theorizing, I am seeing it in real life, and what a wonderful feeling it is, I feel so blessed.
Once you commit yourself to a deserving student, a positive energy flows and it can be seen in his way of approach to life and reflects in his studies. I know of a case where a deserving student, after completing his studies, and landing a plum job, has repaid the loan, and is now financing the studies of two deserving students.
Agreed it will not happen in a jiffy, it will take a few years, but the benefits are all encompassing. One is instrumental in not only changing the life of an individual, but an entire family. Let this ripple one day in future turn into a torrent, is my only wish. Suggestions and feed back are welcome, as the dialogue should continue for lasting results.
May Allah grant our beloved Aqa Moula (TUS) sehato a'fiyat -ta-kiyamat.