National Minorities Development & Finance Corporation

To promote economic and developmental activities for the benefit of "Backward Sections" amongst the Minorities, preference being given to the occupational groups and women;
To assist, subject to such income and/or economic criteria as may be prescribed by the Government from time to time, individuals or groups of individuals belonging to the Minorities by way of loans and advances for economically and financially viable schemes and projects; under micro-financing scheme, group of individuals belonging to the minorities will include such groups in which pre-dominantly (75% and above) members belongs to the Minority Community. In very exceptional cases this may include those groups also where upto 60% members belong to Minority Community provided other members belong to Weaker Sections including Scheduled Castes / Scheduled Tribes, Other Backward Classes and disabled as per the EGM held on 01.11.1999 & CG approval vide letter 3/17/T-1/2000/D/8278 Dt. 09.02.2000;
To promote self-employment and other ventures for the benefits of Minorities;
To grant loans and advances at such rates of interest as may be determined from time to time in accordance with the guidelines or schemes prescribed by the Central Government or by the Reserve Bank of India;
To extend loans and advances to the eligible members belonging to the Minorities for pursuing general/professional/technical education or training at graduate and higher level;
To assist the up-gradation of technical and entrepreneurial skills of Minorities for proper and efficient management of production units;
To assist the State level organisations dealing with the development of the Minorities by way of providing financial assistance or equity contribution and in obtaining commercial funding or by way of refinancing;
To work as an apex institution for co-ordinating and monitoring the work of all corporations/boards/other bodies set up by the State Government/Union Territory Administrations for, or given the responsibility of assisting the minorities for their economic development and
To help in furthering the Government policies and programmes for the development of Minorities.