(a) the funds allocated by the National Minorities Development and Finance Corporation
(NMDFC) during each of last three years and current year, State-wise;
(b) the criteria for providing assistance by the NMDFC;
(c) the details of the utilization of the allocated funds by NMDFC during the said period, State-wise;
(d) the details of development activities for which these funds have been utilized; and
(e) the measures initiated by the Government to make NMDFC more effective?
MINISTER OF THE STATE IN THE MINISTRY OF MINORITY AFFAIRS (SHRI VINCENT H. PALA)
(a) Statement showing the funds allocated by National Minorities Development and Finance Corporation (NMDFC) during the last three
years and the current financial year, State-wise is at Annexure-I
(b) The persons belonging to minority communities living below double the poverty line are eligible for assistance under the NMDFC
schemes. Persons having annual income less than Rs.40,000/- in rural areas and less than Rs. 55,000/- in urban areas are considered
to be living below double the poverty line.
(c) A statement showing details of utilization of the funds allocated by NMDFC during last three years and the current financial year,
State-wise is at Annexure-II
(d) The funds released by NMDFC are utilized for extending concessional loans to persons belonging to minority communities for setting
up self-employment/income generating activities.
(e) The authorized share capital of NMDFC was enhanced from Rs.1000 crore to Rs.1500 crore during 2010-11. The paid-up share capital
of the Government of India stands at Rs. 875.36 crore as on 10th February, 2012.