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English Release 23-November 2014
Date Month Year
  • President's Secretariat
  • PRESIDENT’S MESSAGE ON THE EVE OF THE MARTYRDOM DAY OF GURU TEG BAHADUR
  • PRESS COMMUNIQUE
  • Min of Defence
  • Coastal Security Network Must Ensure Zero Tolerance to Error: Parrikar
  • Min of Information & Broadcasting
  • 45TH IFFI Celebrates Dance in Indian Cinema
  • New Experiments in Documentaries Section
  • 45th IFFI Pays Retrospective Honours to Gulzar; Screens ‘Libas’
  • Cinema Means Love and Responsibility Not Business: Mohsen Makhmalbaf
  • Student Filmmakers are Promising and Full of Original Concepts: Prof. B. Diwakar
  • Min of Parliamentary Affairs
  • Government convenes all Party meet on CSAT exam issue
  • Prime Minister confident of a productive Winter Session of Parliament beginning tomorrow
  • Min of Personnel, Public Grievances & Pensions
  • Dr. Jitendra Singh receives cheque for J&K flood relief from PEPCO Bank
  • Min of Science & Technology
  • HPV option to prevent preterm births dangerous --Dr Harsh Vardhan

Previous Date

 
Ministry of Minority Affairs16-September, 2011 14:03 IST
Enabling National Minorities Development and Finance Corporation to Increase its Operations
The authorized share capital of National Minorities Development and Finance Corporation (NMDFC) has been enhanced from Rs. 750 crore in 2007-08 to Rs. 850 crore in 2008-09 to Rs. 1,000 crore in 2009-10 and to Rs. 1,500 crores during 2010-11. The Government of India has been providing share capital contribution to NMDFC in order to enable NMDFC to increase its operations. The total equity share capital released by the Government to NMDFC as on 31st July 2011 is Rs.875.36 crore.

NMDFC extends loans to individuals belonging to Minorities, living below double the poverty line, for undertaking self employment and income generating activities. The term Loans are provided by NMDFC through the State Channelising Agencies (SCAs) nominated by the respective State Governments. NMDFC also provides Micro-credit to the members of Self Help Groups (SHGs) through Non Governmental Organizations (NGOs) as well as SCAs. The target group of NMDFC includes persons belonging to minorities living below double the poverty line income, which at present is Rs. 55,000 per annum in the urban areas and Rs. 40,000 per annum in rural areas. Eligible persons can obtain loans from the respective SCAs by applying directly to the respective SCAs. NGO can also approach NMDFC directly or to the SCAs for obtaining micro credit to further lend the same to the members of the SHGs belonging to minorities.

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