Lok Sabha Question No. 1353 (UNSTARRED), answered on 2018-07-25
Subject: NMDFC
Ministry: MINORITY AFFAIRS
Asked by: HEENA VIJAYKUMAR GAVIT, JAYAKUMAR JAYAVARDHAN, DHANANJAY BHIMRAO MAHADIK, SUPRIYA SADANAND SULE, VIJAYSINH MOHITE PATIL, SUNIL BALIRAM GAIKWAD

## GOVERNMENT OF INDIA MINISTRY OF MINORITY AFFAIRS LOK SABHA UNSTARRED QUESTION NO.1353 TO BE ANSWERED ON 25.07.2018

## NMDFC

1353. DR. HEENA VIJAY KUMAR GAVIT:

DR. J. JAYAVARDHAN:

SHRI DHANANJAY MAHADIK:

SHRIMATI SUPRIYA SULE:

SHRI MOHITE PATIL VIJAYSINH SHANKARRAO:

DR. SUNIL BALIRAM GAIKWAD:

Will the Minister of MINORITY AFFAIRS be pleased to state:

- (a)  the  funds  allocated  by  the  National  Minorities  Development  and  Finance Corporation  (NMDFC)  along  with  the  details  of  utilization  of  allocated  funds  by NMDFC for the last three years and the current year, State-wise;
- (b) the details of the schemes of NMDFC and the procedure to avail concessional loans under these schemes;
- (c)  whether  most  of  the  beneficiaries  are  not  in  a  position  to  avail  concessional loans provided under these schemes due to complicated procedures;
- (d) if so, the corrective steps taken by the Government in this regard; and
- (e) the other steps taken by the Government to make NMDFC more effective?

## ANSWER

## MINISTER OF MINORITY AFFAIRS (SHRI MUKHTAR ABBAS NAQVI)

- (a) National Minorities Development and Finance Corporation (NMDFC) utilizes fund allocated by the Central Government in its equity alongwith the repayments received from  State  Channelising  Agencies  (SCAs)  for  disbursement  to  respective  SCAs. The details of fund allocated by the Central Government  in equity of NMDFC and fund disbursed by NMDFC to SCAs during the last three financial years and current financial year 2018-19 is given as under:

| Year    |   Funds allocated by Ministry ( Rs. in crore) | Funds Disbursed by NMDFC to SCAs/States ( Rs. in crore)   |
|---------|-----------------------------------------------|-----------------------------------------------------------|
| 2015-16 |                                           120 | 473.29                                                    |
| 2016-17 |                                           140 | 503.32                                                    |
| 2017-18 |                                           170 | 570.83                                                    |
| 2018-19 |                                           165 | 112.00 (as on 30.06.2018)                                 |

State/SCA-wise details of fund drawn/utilized by respective SCAs during last 3 years  and  current  financial  year  2018-19  is  available  on  the  website  of  the corporation i.e. www.nmdfc.gov.org. and also available on the website of Ministry i.e. www.minorityaffairs.gov.in.

- (b) The  schemes  of  NMDFC  are  being  implemented  for  the  socio-economic development of the 'backward sections' amongst the notified minorities through the State Channelising Agencies (SCAs) nominated by the respective State Governments/UT Administration.

Following schemes are being implemented by NMDFC:-

## A. Concessional Credit Schemes

1. Term Loan
2. Micro Finance
3. Education Loan.
4. Mahila Samridhi Yojana
- B. Promotional Schemes:-
1. Vocational Training Scheme
2. Marketing Assistance Scheme.

Details  of  the  schemes  and  procedure  for  availing  the  concessional  loan are  available  on  the  website  of  the  corporation  i.e.  www.nmdfc.gov.org.  and  also available on the website of Ministry i.e.www.minorityaffairs.gov.in.

(c) to (e): In order to cut down on waiting time for sanction of loan for the applicant, NMDFC has given full authority to the SCAs, for sanction & disbursement of loan. Further, the SCAs have also been advised from time to time to reduce the lead time, between submission of application form by the applicant to sanction of loan by the

SCA and release of loan immediately after completion of disbursement formalities by the identified beneficiary.

Further,  following  steps  have  also  been  taken  for  effective  implementation  of NMDFC schemes:-

(i)  Ministry  of  Minority  Affairs  provide  grants-in-aid  through  NMDFC  for strengthening the infrastructure & operational capability of State Channelising Agencies (SCAs).

(ii)  Enhancement  of  Annual  Family  Income  eligibility  criterion  up  to  Rs.6.00 lac  per  annum  for  greater  coverage  of  persons  from  the  targeted  minority communities.

(iii)  Quantum  of  loan  under  Term  Loan  scheme  has  been  increased  from Rs.10.00 lac to Rs.30.00 lac while under Micro Finance scheme, it has been increased  from  Rs.50,000/-  to  Rs.1.50  lac  per  Self  Help  Group  (SHG) member.    Under  Education  Loan  scheme,  the  quantum  of  loan  has  been increased  from  Rs.5.00  lac  to  Rs.20.00  lac  for  domestic  courses  and  from Rs.10.00 lac to Rs.30.00 lac for courses abroad.

(iv)Introduction of Self Declaration/Self Certification/Self Attestation of documents in case of Religion Certificate, Family Income, Residence Proof, Mark Sheet, etc.

(v) Transfer of loan directly in Bank  Account of Beneficiary through NEFT/RTGS.

(vi)  Insurance  of  beneficiary  and  their  assets  to  safeguard  against  any untoward incident.

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