Authorized and Paid-up Share Capital of NMDFC
The Authorized Share capital of NMDFC is Rs.3000.00 crores with 73% (2190.00 crores) contribution from Central Government, 26% (780.00 crores) contribution from various State/UT Governments and 1% (30.00 crores) from individuals/organizations having interest in minorities.
The paid up share capital of NMDFC as on 31/03/2018 is Rs. 1796.60 crores with contribution of Rs.1435.00 crores by Government of India and Rs.361.60 crores by State/UT Governments i.e. 65.53% and 46.36% respectively.
|Shareholders||%-age Shares||Share in Authorized Share Capital||Paid up Capital (As on 31.3.2018)||%ageof contribution||Amount yet to be paid (Amt in Rs/Crs)||%age to be contributed|
|State/UT Govt.||26 %||780.00||361.60||46.36%||418.40||53.64|
|Institutions/ Individuals||1 %||30.00||0.01||0.01%||29.99||99.99|
The scheme is for individual beneficiaries and is implemented through the SCAs. Under the Term Loan Scheme, projects costing up to Rs. 20.00 Lakhs are considered for financing. NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs. 18.00 lakh. The remaining cost of project is met by the SCA and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost. The rate of interest charged from the beneficiary is 6% p.a. on reducing balance method. For higher income group of up to 6.00 lakh, the rate of interest is 8% for males and 6% for females.
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.
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Disbursement under Term Loan
The scheme envisages micro–credit to the poorest among the poor through NGOs of proven bonafide and their network of Self Help Groups (SHGs). It is an informal loan scheme which ensures quick delivery of loan at the door steps of the beneficiaries. Under this scheme, small loans up to a maximum of Rs. 1.00 lakh per member of SHG are provided through the NGOs / SHGs. The scheme is implemented through the SCAs as well as the NGOs. Funds are given to the NGOs /SCAs at an interest rate of 1%, which further on-lend to the SHGs, at an interest rate not more than 7% p.a. The repayment period under the scheme is maximum of 36 months. For higher income group of Rs. 6.00 lakh per annum, the rate of interest is 10% for males and 8% for females.
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.
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