With a view to protect vacant Waqf land from encroachers and to develop it on commercial lines for generating more income in an order to widen welfare activities, Central Waqf Council has been implementing this scheme since 1974-75 with yearly grant-in-aid from the Central Government. Under the Scheme, loan is extended to various Waqf Institutions in the Country for taking up economically viable buildings on the Waqf land such as commercial complex, marriage halls, hospitals, cold storage etc. For this, the Central Government has released a total grant-in-aid amounting to Rs. 53 crores 61.66 lakhs only between September 1974 to March, 2018, and in turn the Central Waqf Council has extended loan to 147 projects approved by the Council as well as by the Government of India. Out of these 147 projects 88 projects have been completed in all respect and are yielding income. The loan amount is repaid to the Council by the loanee institutions in easy instalments and the amount thus repaid forms Revolving Fund, which is again utilized for advancing loans up to Rs. 75 lakhs to the Minor Development Projects on Waqf properties.