|
National Minorities Development and Finance Corporation, NMDFC, engaged with the development of minorities, is preparing a new Plan to focus its activities in 41 districts with minority concentration. The Plan is aimed at meeting the objectives and aspirations of the National Common Minimum Programme by way of promoting economic and development activities among minorities. These include promotion of self-employment by providing concessional credit and other services.
The Government has also increased the authorised share capital of NMDFC from Rs. 500 to Rs. 650 crore. The paid-up capital of the Corporation is Rs. 363.66 crore of which nearly Rs. 300 crore have been contributed by the Central Government. During the current year, Rs. 41 crore were released towards equity support to the Corporation working under the aegis of the Ministry of Social Justice and Empowerment. This is highest amount of equity contribution by the Central Government to the Corporation since its inception ten years ago.
The main schemes of NMDFC are Term Loan Scheme, Educational Loan Scheme, Micro Finance and Mahila Samridhi Yojna. The Corporation has so far extended nearly Rs. 600 crore to about 1.60 lakh beneficiaries under the Term Lon Scheme while Rs. 17.45 crore have been provided to about 69 thousand beneficiaries under the Micro Finance Scheme.
The Educational Loan Scheme of the Corporation has become quite popular among the target groups. In order to meet the demand of deserving students from the weaker sections among the minorities for job-oriented professional and technical courses, the limit of loan and period has been enhanced. The loan limit has been raised from Rs. 75,000 to Rs. 2.50 lakh with maximum disbursement of Rs. 50,000 per year for 5 years which was originally two years.
MLD:LK:SJE-53(NMDFC)(25.2)
|
