Equity to NMDFC
The National Minorities Development & Finance Corporation (NMDFC) was incorporated on 30th September 1994, with the objective of promoting economic activities amongst the backward sections of notified minorities. To achieve its objective, NMDFC is providing concessional finance for self-employment activities to eligible beneficiaries belonging to the minority communities, having a family income below double the poverty line. The authorised share capital of NMDFC which stood Rs.650 crore in 2004 now stands at Rs.1500 crore.
Term Loan
Scheme Details
It is the main activity of NMDFC, which is undertaken through the SCAs. Loans to individual beneficiaries are provided for projects with a maximum unit cost of Rs. 5.0 Lakhs. The pattern of funding envisages 85% NMDFC share and the SCA and beneficiary contribute the remaining 15% with minimum 5% share from the beneficiary. NMDFC provides loans to the SCA at 3% rate of interest and in turn the SCA charge 6% interest per annum from the beneficiary.
Scheme Guidelines
The steps for provision of term loan like collecting applications from the perspective beneficiaries , short-listing the applications through desk scrutiny and physical verification, interviewing the short-listed applicants by the Selection Committee ( as per the existing procedure), selection of beneficiaries, sanction of loan and disbursement of loan taken up through the campaign approach.
Targets Set:
For 2012-13 ----- Financial = Rs. 150 crores, Physical= 15780 beneficiaries
FAQ:
Click here to see FAQ
Allocations and Sanctions (Upto 31.03.2013)
| Year | Funds disbursed (In Rs.Crores) | No. of Beneficiaries |
| 1994-95 | 30.03 | 9570 |
| 1995-96 | 6.49 | 4797 |
| 1996-97 | 44.23 | 10749 |
| 1997-98 | 23.41 | 4932 |
| 1998-99 | 59.39 | 14333 |
| 1999-00 | 60.77 | 22510 |
| 2000-01 | 72.43 | 20274 |
| 2001-02 | 92.06 | 21489 |
| 2002-03 | 71.03 | 16348 |
| 2003-04 | 82.24 | 18,184 |
| 2004-05 | 130.72 | 35,552 |
| 2005-06 | 98.10 | 23408 |
| 2006-07 | 99.58 | 22301 |
| 2007-08 | 130.90 | 31574 |
| 2008-09 | 114.79 | 34985 |
| 2009-10 | 139.01 | 30892 |
| 2010-11 | 129.47 | 28768 |
| 2011-12 | 111.99 | 17172 |
| 2012-13 | 184.39 | 19361 |
| Total | 1681.03 | 387199 |
Awards/Beneficiary Lists
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Micro Financing
Secheme Deatils
NMDFC took the lead to start a parallel channel of micro financing w.e.f. 1/4/1998. This initiative was taken in order to reach the poorest among the target group, especially the minority women scattered in remote villages and urban slums who are not able to take advantage of the formal banking credit as well as NMDFC programme through its SCA. Under this scheme small loans up to a maximum of Rs. 25,000 per beneficiary are provided through the network of NGOs and SHGs. Funds are given to the NGOs at an interest rate of 1%, which further do the lending to the beneficiaries directly or through the SHGs at an interest rate of 5%.
Scheme Guidelines
The eligibility conditions for the Minority members, Self Help groups, NGOs, loan amount, interest rate etc. would be as per the scheme of Micro financing of NMDFC.
Targets Set:
For 2012-13 ----- Financial = Rs. 150 crores, Physical= 66628 beneficiaries
FAQ:
Click here to see FAQ
Allocations and Sanctions (Upto 31.03.2013)
| Year | Amount disbursed(In Rs. Crores) | No. of Beneficiaries |
| 1998-99 | 0.43 | 3,281 |
| 1999-00 | 0.52 | 7,359 |
| 2000-01 | 1.00 | 11,418 |
| 2001-02 | 4.78 | 24,529 |
| 2002-03 | 2.90 | 7,540 |
| 2003-04 | 4.42 | 9,415 |
| 2004-05 | 8.29 | 11,034 |
| 2005-06 | 10.01 | 10893 |
| 2006-07 | 13.17 | 25482 |
| 2007-08 | 13.22 | 16159 |
| 2008-09 | 15.93 | 16213 |
| 2009-10 | 58.73 | 73702 |
| 2010-11 | 103.79 | 129742 |
| 2011-12 | 159.38 | 88702 |
| 2012-13 | 186.70 | 82974 |
| Total | 583.26 | 518443 |
Awards/Beneficiary Lists
Click here to see Awards/Beneficiary Lists
