Beneficiaries of Schemes operated by National Minorities Development and Finance Corporation

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National Minorities Development and Finance Corporation (NMDFC) is concerned, its schemes are being implemented for the socio-economic development of the ‘backward sections’ amongst the notified minorities through the State Channelising Agencies (SCAs) nominated by the respective State Governments/UT Administration.


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For availing assistance under NMDFC schemes, the annual family income eligibility criterion under Credit Line-1 is Rs.98,000 for rural areas & Rs.1.20 lacs for urban areas. Higher annual family income eligibility criterion of upto Rs.6.00 lacs has also been introduced as Credit Line-2, for increasing coverage of beneficiaries under NMDFC schemes. So far, NMDFC has been able to extend credit to over 15.25 lacs house holds (as on 28.01.2019) under its financing program.



As per the utilization details furnished by the State Channelizing Agencies (SCAs), Muslim constitute 78.13%, Christian 19.00%, Sikh 2.23%, Buddhist 0.43% and Jains 0.21% of the total beneficiaries financed under the schemes of NMDFC.

NMDFC regularly engages a 3rd party independent consultancy organization for verification of beneficiaries and also Impact of its Schemes on the target Minority groups.

The details of the studies conducted during the last four years is enclosed as under:

1 2013-14 Centre for Market Research & Social Development, New Delhi. Agency Empanelled with Ministry of Minority Affairs.
  • 93.5% beneficiaries reported no difficulty in availing the loan
  • Over 80% beneficiaries indicated that their income/savings has increased and they have now better health & education facilities thereby improving their social prestige.
  • Majority (67.6%) beneficiaries under micro finance scheme have bank account &possess individual pass book.
  • Almost all (99.3%) beneficiaries in Self Help Groups have properly utilized loan.
2 2014-15 Centre for Market Research & Social Development, New Delhi. Agency Empanelled with Ministry of Minority Affairs.
  • 71.9% of the Term Loan beneficiaries are found to be men while 97.1% are women financed under Micro Financing Scheme of NMDFC.
  • 84% of the Term Loan beneficiaries are Muslims, 10.6% are Christians & 5% are Sikhs. Under Micro Financing Scheme 81.5% of the beneficiaries are Muslims, 16.1% are Christians.
  • 99.7% of the sample Term Loan beneficiaries opined that there was no difficulty in availing the loan.
  • 81.8% SCAs are maintaining computerized list of beneficiaries.
  • The study further suggested to increase the number of functional SCAs in a State with the priority being accorded to those having none of the agencies.
3 2015-16 APITCO
  • 91% units were found to be operational.
  • 91% beneficiaries had utilized loans properly.
  • 96% beneficiaries have created assets for the activity for which loan was sanctioned.
  • 97% beneficiaries are satisfied with the financial assistance process.
  • 71% got loan for the first time and created income generation capability for the beneficiaries.  29% beneficiaries were existing units and loan was used for expansion of business.
4 2017-18 Development & Research Services Pvt. Ltd.
  • 91.2% beneficiaries have crossed the threshold income eligibility criteria.
  • 96% Term Loan & 98% Micro Finance beneficiaries prossessed the assets created and utilized the loan for intended purpose.
  • 92.8% beneficiaries faced no difficulty in availing the loan.
  • On an average indirect employment for 1.5 persons per unit under the term loan and 0.8 person per unit under Micro Finance was generated from units/projects financed.

This information was given by Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi in a written reply to a question in Rajya Sabha today.

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