The prime mandate of NMDFC is to provide concessional finance to the Minorities for self employment/ income generation activities. As per the National Commission of Minorities Act, 1992 the notified Minorities are Muslims, Christians, Sikhs, Buddhists, and Parsis. Subsequently, Jains community was also added into the list of notified Minority Communities in January, 2014.

At present, the families having annual income up to Rs. 98,000 in Rural areas and Rs. 1,20,000 in urban areas are eligible under the NMDFC schemes. As a special initiative of NMDFC, a new annual family income eligibility limit of up to Rs. 8.00 lacs has been enhanced with effect from November, 2020 by adopting the “Creamy Layer” criterion currently followed amongst the OBC community by Government of India. 


NMDFC has the following  two Channels to reach the target groups:


It is the main channel. State Channelising Agencies (SCAs) are nominated by the respective State Governments. At present, NMDFC has 39 operational Channelising Agencies and their break-up is given below:

Target Groups
a. Minority Development & Finance Corporations 16 Nos.
b. State SC/ST Development Corporations 5 Nos.
c. State Backward Classes Development Corporations 7 Nos.
d. State Women’s Development Corporations 2 Nos.
e. Handloom & Handicrafts Corporations 1 Nos.
f. Other Agencies (Cooperative Banks, Industrial Devlpt. Corpns, etc.) 8 Nos.
  T O T A L 39 Nos.



The services of selected Non Governmental Organisations (NGOs) are availed for reaching the Target Groups through SHGs. Such an NGO should be more than three years old, apolitical, financially sound, engaged in socio economic activities with minimum one year experience in thrift and credit.

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