When I start the application in debug mode (sh -x) it works fine after taking few seconds while loading the libraries but without debug mode it failes with .so : cannot open shared object file: Permission denied even though it has proper read permission as well as proper read permission to all parent folders.

Then I figured out that its due to selinux in enforcing state.

Change : /etc/selinux/config from SELINUX=enforcing ## or permissive to SELINUX=disabled