National Minorities Development & Finance Corporation

FREQUENTLY ASKED QUESTIONS


QUESTION 11

Does NMDFC ask for any  securityfor its loan?
ANSWER

The funds are lent to the State Channelising Agencies against State Government Guarantee while the funds are provided to NGOs based on their financial strength and credit worthiness.

   
QUESTION 12
What are the sectoral groupsof NMDFC financial assistance?
ANSWER

NMDFC finances any viable and bankable proposal with maximum project cost of Rs.5 lac. However, proposals could be categorised in the following sectors:

1.AGRICULTURE AND ALLIED
This includes schemes such as animal breeding, poultry farming, bee keeping etc.

2. TECHNICAL TRADE-SELF EMPLOYMENT
These include technical trades at village/taluka level such as electrician, plumber, sheet metal, TV/Radio repair, motor mechanic, tyre puncture repair, cycle/taxi/auto rickshaw repairing and vulcanization, refrigeration mechanic etc.

3.SMALL BUSINESSz
These include small business/tea shop/pan shop, egg sale/general provision shop/laundry, popcorn/text book shop magazine shop, newspaper, vendor, photocopier service, typewriting and word processing service etc.

4.SMALL SCALE AND TINY INDUSTRY
Hawai chappal manufacturing, hair brush manufacturing, safety match box manufacturing, manufacturing of papad, jams, pickles, ready-made garments etc.

5.TRANSPORT SERVICE
These include plying of auto-rickshaws, cycle rickshaws, tempos, bullock and other animal driven carts for hire, cycle hiring service etc.

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