MINISTER OF STATE IN THE MINISTRY OF MINORITY AFFAIRS (SHRI VINCENT H. PALA)
(a) and (b): The details of the schemes run by the National Minorities Development and Finance Corporation include:-
Term Loan:- NMDFC provides Term Loans to individuals through its State Channelising Agencies (SCAs), which are nominated
by the respective State /UT Governments. Term loan up to Rs. 5.0 Lakhs is available at an interest rate of 6% p.a.
Micro Finance:- NMDFC provides Micro Credit to the poorest of poor among the Minorities, organised into Self Help Groups
(SHGs) through SCAs and also through established NGOs. An amount of Rs.25, 000 per SHG is available at an interest rate
of 5% p.a.
Education Loan:- NMDFC also extends Educational Loan up to maximum of Rs.2.5 Lakhs to individuals through its SCAs for
pursuing technical and professional courses. The Educational Loan is available at an interest rate of 3% p.a.
Promotional Schemes:- NMDFC also runs promotional schemes like Vocational Training, Marketing Support and Mahila Samridhi
Yojana for the benefit of its target groups through the SCAs as well as NGOs.
(c): The details of funds released by the Ministry of Minority Affairs to NMDFC as equity during the last three years
is given below:
(Rs. in Crore)
Year Funds released by the Central Government to NMDFC
2009-10 125.00
2010-11 115.00
2011-12 115.00
2012-13 (till 31-07-2012) 99.64
(d): Financial assistance from NMDFC is available at concessional rate of interest to persons belonging to Minority
communities viz. Muslims, Christians, Sikhs, Buddhists and Parsis living below double the poverty line for undertaking
self employment and income generating activities. Double the poverty line income limit at present is Rs. 55,000 p.a.
in the urban areas and Rs.40, 000 p.a. in rural areas.
(e): The State wise details of loan assistance provided by NMDFC to SCAs and their utilization under the said schemes
is at Annexure –I & II.
(f) and (g): In order to expand the coverage of programmes and schemes of NMDFC to the significant level, the Ministry of
Minority Affairs has already taken action for restructuring of the NMDFC.
