NMDFC disbursed Rs 2347.15 cr concessional credit during the last three years for minority communities

India, March 12 -- National Minorities Development and Finance Corporation has disbursed concessional credit to the tune of Rs. 2347.15 crore during the last three years i.e., from F.Y. 2021-22 to F.Y. 2023-24, thereby providing benefits to 5,50,939 beneficiaries from minority communities.

NMDFC has following eligibility criteria for the dissemination of concessional credit:

Persons should belong to a notified National Minority, specifically Buddhists, Christians, Jains, Muslims, Parsis, and Sikhs, as defined by the National Commission for Minorities Act of 1992 Person having annual family income of up to Rs. 3.00 lakhs under Credit Line-1 and up to Rs. 8.00 lakhs under Credit Line-2. Applicants are required to submit necessary documentat...