QUESTION
1
|
What
are the
aims and objectives of
National Minorities Development and Finance Corporation? |
| ANSWER |
The
Corporation promotes economical and developmental activities for
the benefit of backward sections amongst the minorities with preference
to occupational groups and women. |
| |
|
| QUESTION
2
|
Who
are the
promoters
of
the NMDFC?
|
| ANSWER
|
The
Government of India jointly with the State Governments of Andhra
Pradesh, Bihar, Karnataka and Uttar Pradesh have promoted NMDFC
jointly with the Central Government. |
| |
|
| QUESTION
3
|
What
are the
activities of
NMDFC?
|
| ANSWER |
I.
Provision of finance for income generating activities at concessional
rate of interest, through the State Channelising agencies.
II. Providing Micro Finance to the poorest of poor among minorities
through NGOs.
III. Providing Educational Loans to persons belonging to minorities.
IV. Organisation of vocational training programmes.
V. Design development and marketing assistance to artisan and craft
persons.
|
| |
|
| QUESTION
4 |
Who
comprise the target
groups for
NMDFC assistance? |
| ANSWER |
Target
groups for NMDFC with regard to direct benefits will be persons
belonging to minority communities and living below double the poverty
line. At present, minority communities as per National Minorities
Commission Act, 1992 are Muslims, Sikhs, Buddhists, Christians and
Parsis. Families having annual income less than Rs.40,000 in rural
areas and Rs.55,000 in urban areas are categorized as below double
the poverty line. |
| |
|
| QUESTION
5
|
How
much is the authorised and
paid-up Share Capital of
NMDFC?
|
| ANSWER
|
The
authorised share capital of NMDFC is Rs.500 crores with 60% (300
crores) contribution from Central Government, 26% (130 crores) contribution
from various State/UT Governments and 14% (70 crores) from individuals/organisations
having interest in minorities. The paid up share capital of NMDFC
as on June 2003 is Rs.288.82 crores with contribution of Rs.241.26
crores by Government of India and Rs.49.66 crores by State/UT Governments. |
| |
|
| QUESTION
6
|
Un-like
other
Apex Corporations,
why States are required to contribute to the equity of NMDFC?
|
| ANSWER |
Because
NMDFC is the joint venture of States and Central Government. |
