National Minorities Development and Finance Corporation (NMDFC) provides concessional loans to minorities for selfemployment
and income generating activities through the State channelizing Agencies (SCAs) nominated by the respective State
governments/ Union Territory (UT) Administration.
For availing assistance under NMDFC schemes, the annual family income eligibility criterion is Rs. 81,000 for rural areas and Rs. 1.03 for urban areas. Higher annual household income eligibility criterion of upto Rs.6.00 lakh has also been introduced for increasing coverage of beneficiaries under NMDFC schemes.
The schemes implemented by NMDFC are as follows:
A. Concessional Credit Schemes
1. Term Loan:-Maximum Loan of up to Rs.20.00 Lakh per beneficiary is available under Credit Line-1 at an interest rate of 6% per
annum. Higher loan of maximum up to Rs.30.00 Lakh per beneficiary is available under Credit Line-2 at an interest rate of 8% per
annum for male beneficiaries and 6% per annum for female beneficiaries.
2. Micro Finance:-Maximum loan upto Rs.1.00 Lakh per Self Help Group (SHG) member is available under Credit Line-1 at an
interest rate of 7% per annum.Higher loan of maximum upto Rs.1.50 Lakh per SHG member is available under Credit Line-2 at an
interest rate of 10% per annum for male beneficiaries and 8% per annum for female beneficiaries. The micro-finance scheme is
primarily aimed at extending concessional credit to women beneficiaries.
3. Education Loan:- Under Credit line-1, the Educational Loan of upto Rs.15.00 Lakh for courses within India and Rs.20 Lakh for
courses abroad, is available at an interest rate of 3% per annum for pursuing technical and professional courses with maximum
course duration of 5 years. Under Credit line-2, higher Educational Loan of upto Rs.20.00 Lakh for courses within India and Rs.30 Lakh for courses abroad, is available at an interest rate of 8% per annum for male candidates and at 5% per annum for female
beneficiaries.
4. Mahila Samridhi Yojana:- Skill development training is imparted to group of women in women friendly trades. Training period is of
maximum 6 months with training and raw material cost of upto Rs.1,500 per women and stipend @ Rs.1,000 per women. During the period of training, the women are formed into Self Help Group, followed by infusion of micro-credit maximum upto Rs.1.00 Lakh per member for the purpose of using the skill developed during the training, for income generation activities.
B. Development Schemes:-
As part of its developmental mandate, NMDFC also implements promotional schemes like Skill Development and Marketing support for the benefit of its target groups thereby, strengthening its economic mandate, as well. Women beneficiaries are given preference.
Detailsare as follows:-
1. Vocational Training Scheme:- The Vocational Training Scheme of NMDFC aims at imparting skills to the targeted individual
beneficiaries leading to wage/self-employment. The scheme is implemented through the SCAs which organize need based skill
development training with the help of local Government owned/recognized training institutes in trades having potential wage/selfemployment.
The cost of the training program is up to Rs.2000 per candidate per month for courses up to 6 months duration.
Stipend @ Rs.1000 per month per trainees is also offered during the training.
2. Marketing Assistance Scheme:- The Marketing Assistance Scheme is meant for individual crafts persons, beneficiaries of NMDFC as well as SHGs and is implemented through the SCAs. The scheme envisages to promote sale and marketing of their products at remunerative prices through participation/organizing exhibitions at State/District level.
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