Working of National Minorities Development and Finance Corporation

Posted by Sinlung
Lok Sabha


The details of total credit provided in the country, as well as in the North-Eastern States, by National Minorities Development and Finance Corporation (NMDFC) during the last three years are given below:
(Amount in crore rupees)
Year                  Total                         North-Eastern States
2006-07             112.75                          8.25
2007-08             144.12                          12.82
2008-09             130.72                          8.52
            NMDFC had got an evaluation done of its schemes financed during the period 1.4.2001 to 31.3.2006. The sample for the study, consisting of ten states in the country, covered the state of Nagaland in the North East. The evaluation has revealed that in Nagaland 99.30% of the sample of beneficiaries crossed double the poverty line. 
              NMDFC finances schemes mainly through State Channelising Agencies (SCAs) and the rest through non-governmental organizations (NGOs). In the North-East, NMDFC schemes are being implemented through SCAs in Assam, Mizoram, Nagaland and Tripura. The SCAs in Manipur, Meghalaya and Sikkim are not operational. No SCA has been nominated by the State Govt. of Arunachal Pradesh. NMDFC has been making efforts to implement its micro-credit programme through NGOs in these States.
            This information was given today by Shri Salman Khurshid, Minister for Minority Affairs, in the Lok Sabha in a written reply.