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 ma...
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