| QUESTION
7 |
What
is the
earmarked share
of each State/UT Government for contribution to the equity of NMDFC
and how much has since been contributed? |
|
ANSWER
|
Share
of each State/UT Governments in the equity of NMDFC has been earmarked
in proportion to its population of minorities. The information of
earmarked share and the contribution received by June, 2002 is as
given below:
|
S.NO.
|
NAME
OF THE STATE/UTS
|
EQUITY
EARMARKED |
EQUITY
CONTRIBUTED |
|
1. |
ANDAMAN
& NICOBAR |
7.92
|
0.00
|
|
2. |
ANDHRA
PRADESH |
631.03
|
500.04
|
|
3. |
ARUNACHAL
PRADESH |
18.75
|
0.00
|
|
4. |
ASSAM |
632.20
|
0.00
|
|
5. |
BIHAR |
890.82
|
500.04
|
|
6. |
CHANDIGARH |
13.48
|
38.89
|
|
7. |
CHATTISGARH |
61.62
|
0.00
|
|
8. |
DADRA
& NAGAR HAVELI |
0.50
|
1.45
|
|
9. |
DAMAN
& DIU |
1.07
|
0.00
|
|
10. |
DELHI |
126.69
|
50.00
|
|
11. |
GOA |
36.19
|
0.00
|
|
12. |
GUJARAT |
337.81
|
230.00
|
|
13. |
HARYANA |
152.68
|
25.00
|
|
14. |
HIMACHAL
PRADESH |
18.42
|
18.42
|
|
15. |
JAMMU
& KASHMIR |
356.18
|
0.00
|
|
16. |
JHARKHAND |
313.63
|
0.00
|
|
17. |
KARNATAKA |
542.54
|
325.04
|
|
18. |
KERALA |
1090.18
|
225.00
|
|
19. |
LAKSHADWEEP |
4.33
|
0.00
|
|
20. |
MADHYA
PRADESH |
297.36
|
297.36
|
|
21. |
MAHARASHTRA |
1209.95
|
235.00
|
|
22. |
MANIPUR |
66.95
|
0.00
|
|
23. |
MEGHALAYA |
106.55
|
0.00
|
|
24. |
MIZORAM |
57.10
|
57.00
|
|
25. |
NAGALAND |
94.85
|
10.00
|
|
26. |
ORISSAA |
111.58
|
38.23
|
|
27. |
PONDICHERRY |
9.78
|
0.00
|
|
28. |
PUNJAB |
1164.36
|
210.00
|
|
29. |
RAJASTHAN |
371.25
|
30.00
|
|
30. |
SIKKIM |
11.24
|
0.00
|
|
31. |
TAMIL
NADU |
548.04
|
300.00
|
|
32. |
TRIPURA |
32.67
|
10.00
|
|
33. |
UTTAR
PRADESH |
2133.39
|
700.06
|
|
34. |
UTTARANCHAL |
80.50
|
0.00
|
|
35. |
WEST
BENGAL |
1468.39
|
1165.00
|
| |
TOTAL |
13000.00
|
4966.53
|
|
|
| |
|
| QUESTION
8 |
What
are the
financial assistance
schemes
of NMDFC ? |
| ANSWER
|
SCAs
PROGRAMME
i)
TERM LOAN SCHEME
Under
the Term Loan Scheme, projects costing up to Rs.5 lacs are considered.
NMDFC provides loan to the extent of 85% of the project cost subject
to a maximum of Rs.4,25,000/-. The SCA and the beneficiary meet
the remaining cost of project, however the beneficiary has to contribute
minimum of 5% of the project cost.
ii)
MARGIN MONEY LOAN SCHEME
Margin
Money assistance is provided to beneficiaries availing Bank Finance.
Generally Public Sector Bank finance for 60% of the project cost
and seek 40% margin from the beneficiaries. Under Margin Money Loan
Scheme, NMDFC provides the eligible beneficiaries loan to meet the
requirement of margin asked by the bankers. For this purpose, up
to 25% of the project cost subject to maximum of Rs.1.25 lacs per
unit is made available. The SCA and the beneficiary are expected
to contribute the remaining amount.
iii)
EDUCATIONAL LOAN SCHEME
NMDFC
has recently introduced its Educational Loan Scheme with the objective
of facilitating job-oriented education among the weaker sections
of minorities. The loan is available for short duration (Up to a
maximum of 2 years) professional and technical courses having good
employment potential. Maximum loan of Rs. 75,000 is given to the
eligible persons belonging to minorities.
The
loan is available at 3% interest and is repayable in a period of
5 years after 6 months from completion of the course or getting
employment, whichever is earlier. The scheme is implemented through
the State Channelising Agencies of NMDFC.
NGOs
PROGRAMME
i)
MICRO CREDIT SCHEME
Short-term
loan of Rs.6000 per beneficiary and medium term loan maximum up
to Rs.10000 per beneficiary is provided through the network of SHGs
and NGOs.
ii)
INTEREST FREE LOAN FOR PROMOTION OF SHGs
Interest
free loan maximum of Rs.2.15 lacs is available to the NGOs for promotion
of stabilisation of 50 SHGs having about 1000 members.
|
| |
|
| QUESTION
9 |
How
does NMDFC reach the
beneficiaries?
|
| ANSWER |
NMDFC
has two channels to reach to the ultimate beneficiaries; (i) through
the State Channelising Agencies (SCAs) nominated by respective State/UT
Government; generally each Channelising Agency has an office at
district level where the beneficiary is required to make formal
application. And the other channel is through the network of NGOs
and SHGs for micro credit. |
| |
|
| QUESTION
10 |
What
is the rate of
interest structure
for NMDFC's schemes? |
| ANSWER |
- Term
Loan up to Rs.5 lacs is provided at interest rate of 6%
- Under
Margin Money Scheme, loan up to Rs.1.25 lacs is provided at 3%.
- Under
Micro credit, the funds are provided to NGOs at interest rate
of 1% for further lending to SHGs and beneficiaries at 5% interest.
|
