9 July : National Minorities Development and Finance Corporation (NMDFC), a Public Sector Enterprise under the administrative control of Ministry of Minority Affairs, provides loans to persons belonging to minority communities, living below double the poverty line, for undertaking income generating activities.NMDFC provides loans to individuals through State Channelising Agencies (SCAs) which are nominated by the respective State/UT Governments. Besides, it provides micro-credit through Non-governmental Organizations (NGOs). It also extends Educational Loan through SCAs for pursuing technical and professional courses.
A statement showing State/UT wise funds disbursed and beneficiaries assisted during the last three years and the current financial year (upto 30.6.2009) is at Annexe-I. During the current financial year, as per the Memorandum of Understanding (MOU) between the Ministry of Minority Affairs and NMDFC, a target of disbursement of Rs. 185.00 crore has been fixed for covering 79,860 beneficiaries by NMDFC.
This information was given by Shri Salman Khurshid, Minister for Minority Affairs, in the Lok Sabha today in a written reply.