National Waqf Development Corporation Limited
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National Waqf Development Corporation Limited is an Indian government agency under Ministry of Minority Affairs . This will undertake development of Waqf properties for the community welfare particularly for Muslims in India. The prime minister Man Mohan Singh unveiled it on 28 January 2014.[1] It has been established as a follow up of the recommendations of Sachar committee report. It work in a joint venture with the States and UT's waqf boards and the Mutawallis. It will have the status of Central Public Sector Enterprises.
In 2007 there were reports from Kerala indicating many irregularities in transferring of Waqf land or properties to private parties. This resulted in a huge loss to the Indian exchequer amounting to 2 lakh crore rupees. To look into the issue government of India formed Sachar Committee.
