National Minorities Development & Finance Corporation
 C. MICRO FINANCING SCHEMES
 
APPLICATION FORM FOR AVAILING INTEREST FREE LOAN SCHEME ANNEXURE - II
NATIONAL MINORITIES DEVELOPMENT AND FINANCE CORPORATION

APPLICATION FORMAT FOR AVAILING INTEREST FREE LOAN FOR THE PURPOSE OF PROMOTION AND DEVELOPMENT OF SELF HELP GROUPS (SHGs)

1. Organisation Directory

a. Name of the Organisation : _____________________________________
b. Address : _____________________________________
c. State : _____________________________________
d. District : _____________________________________
e. Block : _____________________________________
f. Phone No. (With STD Code) : _____________________________________
g. Fax No.(if any) : _____________________________________
h. Nearest Railway Station : _____________________________________
i. Registration No.of the Organisation
 : _____________________________________
j. Date of Registration : _____________________________________
k. Date of Renewal, if any : _____________________________________
l. Area of Operation
I) As per MOA
ii) For implementation of this programme
 : _____________________________________
m. Name of the Bank of Organisation
 : _____________________________________
n Account No. : _____________________________________
o. Name and Designation of Chief Functionary
 : _____________________________________

2. Main Objective of the organisation

3. Whether the NGO is already collaborating with NMDFC
Yes/No
(Please Tick)

4. If yes, collaborating since when and under which scheme
Year Name of the scheme
   
   
   

5. Description of socio-economic development programmes implemented by the organisation during the last three years (year-wise)
Year Name of the Programme Name of the Agency Programme Sanctioned Achievements Other Remarks
      Date of sanction Physical Units Financial assistance Date of sanction Physical Units Financial assistance  
                   
                   
                   
                   
Note: Please enclose a copy of your annual reports of last three years.

6. Experience of the organisation in CREDIT activity during last 3 years (year wise)
Years Name of Activities for which loans given No.of SHGs No.of Borrowers Amount of loan disbursed Amount which was due for recovery i.e. Demand Amount actually recovered %age of Recovery to Demand 7/6 Source of funds
1. 2. 3. 4. 5. 6. 7. 8. 9.
                 
                 
                 

7.
a) Details of infrastructure & manpower available for implementing NMDFC programme.
b) Infrastructure Building: Own/rented (Please tick) Training Hall/Auditorium etc. (details to be given)
c) Details of training programme conducted if any, by the organization during the last one year.
d) No. of extension staff available with NGO for promoting groups.
No. of staff Working withThe organization Trained Untrained Total
Headquarters:
a) Accounts/office staff		 No. of Persons Years of Experience in Micro Credit i.e. in SHGformation    
b) supervisory staff        
c) Extension staff        
Total        

8. Financial sources available to NGO from itself or from donors for the purpose of promotion & development of SHGs.
(Amount in Rs.)
Sl. No. Source Balance at the beginningof the year Amount expectedduring the current year Total Amount
1. Own source      
2. Other sources such as grant/Donations, borrowing etc.(Please indicate the name of the agency)      

9. Details of SHGs programme to be taken up under NMDFC scheme (only realistic programme to be given)
Year No. of SHGs to be promoted Expected No. of Members Estimated
  Name of theVillage* No. of the SHGs Amt. of savingsTo be generated Amt. of lendingTo be made
      I Year
II Year
III Year		      
* Attach the list of villages where SHGs are to be promoted
** Attach the list of SHGs to be promoted

10. Financial position of the organization as per Balance Sheet (As on………)
a. Fixed Assets Rs………………….
b. Current Assets Rs………………….
c. Borrowing (Details of
Borrowing, if any, may be
Given in the proforma below)		 Rs………………….
d. Other Liabilities Rs………………….
e. Excess of Expenditure over income or deficit, if any, please give detailed reasons, proposed step/sources to meet & latest position with explanatory note

Name of the Lending Institution Date Amount borrowed Amount repaid Balance of Borrowings Outstandings
1. 2. 3. 4. 5.
         
         
         

11. Proposed programme for which amount of Interest Free Loan required by NGO from NMDFC.
Year No. of SHGs to be formed & established (with other parameters given underpara 10 of the application Amount Required (Rs.) (Please give yourestimate as per normgiven in the scheme
       
       
       
       

12. Check List
(Please enclose the following)
Sl. No. Details of enclosures Yes/No Page No.
(1) (2) (3) (4)
1. Attested Copy of the original Registration Certificate/Renewals, if any.    
2. Attested copy original Memorandum of Association/Bye-laws with latest amendments    
3. Indicate the provision to borrow from outside agency (pl.give para/page No. Bye laws) Page No..........
Para No.……..		  
4. Main objectives/purpose/background of forming the organisation - a brief note.    
5. Bio-data of the chief functionary.    
6. Composition of the current Managing Committee with name, designation and address of the members (with relevant copy of resolution of general body.)    
7. Copy of the audited accounts and Balance Sheet of the organisation for the last three years along-with Auditors Report    
8. Copy of the resolution passed by Management Committee seeking loan (amount Rs................) from NMDFC.    
9. Copies of Annual Report of last three years.    
10. Copies of testimonials received from funding agencies/Govt. Departments etc., if any.    

DECLARATION

I _______________________________________ (full name with designation) certify that the facts and figures furnished in the application form and the annexures are correct and tally with the records of our organisation.
Place:
Date : 		(Signature with official stamp)
Name & Designation of Chief Executive
   
Encls: __________ sheets  

CHECKLIST
In most of the proposals submitted by NGOs in respect of Credit Limit/IFL, it is observed that they lack desired information. A checklist has been compiled mentioning the major areas information on which should be ensured by the NGO while furnishing the proposal so that it can be process quickly:

Points for consideration while applying (wherever applicable).
1. Applicant NGO has to ensure that there is specific borrowing clause in their Memorandum of Association/Bye-laws for outside borrowing. The Memorandum of Association/Bye-laws of applicant NGO should provide the clause for undertaking economic activities. These points should be highlighted while submitting the relevant documents along-with the proposal.
2. The reason of deficit in any financial year out of the three previous financial years should be explained.
3. The application for Credit limit/IFL has to be submitted strictly as per prescribed format.
4. Applicant NGO has to ensure that specific resolution of the governing body regarding availing of interest free loan/credit loan from NMDFC has to be submitted. The resolution is to be signed by all the members of the applicant NGO.
5. Recovery percentage of loan given by applicant NGO has to be specified.
6. Applicant NGO has to give details of year-wise resources of funds utilized for credit business during
7. It is observed that the details regarding thrift and credit business conducted by the applicant NGO during the past two-three years are not reflected properly in the audited accounts/balance sheet of the applicant NGO which should be taken care of.
8. The organization's infrastructure for promoting Self Help Group may be given as per the following format:
Sl.No. Name Gender Date of Joining Qualifi-cation Total years of Experience in Micro Credit Designation Salary P.M. (Rs.)
               
               
               
               
9. Applicant NGO may submit its year-wise experience in self-employment income generation activities aimed at economic empowerment of poor target groups.
10. If an applicant NGO has received financial assistance for promotion of self help groups from any other Financial Institution, Cooperative Banks, RMK/SIDBI/NABARD, etc. details regarding receipt and current status of utilization/recovery may be submitted.
11. Applicant NGO may submit the brief description of the area where groups are supposed to be formed; in terms of population of minorities and activities practiced for employment etc.
12. Applicant NGO may submit the details regarding preliminary work done in the direction of formation of proposed minority SHGs, so far.
13. Applicant NGO has to specify regarding the occupation of the members of the governing body.
14. Applicant NGO has to state regarding the organization structure whether it is democratic set-up or a non-elected trust.
15. Applicant NGO has to state the details of Books of Accounts maintained at NGO's as well as SHG's level.
16. Applicant NGO has to give details regarding the duration/frequency of meeting of SHGs.
17. System of thrift/credit mechanism followed by NGO/SHGs should be commented upon by the applicant NGO.
18. A legible copy of documents should be submitted along-with the application.
19. Application form along-with relevant documents may please be submitted in English/Hindi Version only
 
 
 
 
GUIDELINES FOR IMPLEMENTATION OF MICRO FINANCING SCHEME

NMDFC
NATIONAL MINORITIES DEVELOPMENT AND FINANCE CORPORATION
Regd.Office : 1, Taimoor Nagar,
Opp.D/996, New Friends Colony
New Delhi - 110 065

Telephones : 6326051, 6326056/57/58
Telefax : 011-6325651

E-mail : nmdfc@ndf.vsnl.net.in
 
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Micro Credit Scheme
Application form for availing Micro Credit Scheme. Annexure-I
Scheme of Interest Free Loan to NGOs
Application form for availing Interest Free Loan Scheme. Annexure-II