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Schemes for Notified National Minorities


List of Notified National Minorities

As declared by G.O.I. vide S.O.M.816 (E) dated 23-10-1995 , read with S.O.No. 267(E), 2014as amended vide G.O.I. order

1.Muslims,
2.Sikhs,
3.Christians,
4.Buddhist,
5.Zoroastrians (Parsis)
6. Jains


(I) Schemes for Notified National Minorities in collaboration with “National Minorities Development and Finance Corporation (NMDFC), Ministry of Minority Affairs (MMA), Govt. of India, New Delhi”.

The Financing schemes for socio-economic upliftment of eligible Notified National Minorities category persons, to establish income generating unit is available in collaboration with’ National Minorities Development and Finance Corporation(NMDFC), Govt. of India, New Delhi.

ELIGIBILITY CRITERIA FOR SCHEME INCOLLABORATION WITH “ NMDFC” ( including EDUCATIONAL LOAN/SKILL DEVELOPMENT/TRAINING PROGRAMMES):

  • One should belong to Notified National Minorities category.
  • One should be permanent resident of the J&K State.
  • One should have the Annual family income below Double the Poverty Line ( DPL), i.e. Rs 81,000/= p.a. for Rural and Rs.1,03000/= p.a. for Urban areas.(prescribed by NMDFC/Govt. of India).
  • One should be unemployed
  • One should having necessary skill/ experience in the activity/ trade applied for.
  • The applicant who intends to avail loan for purchase of vehicle should have valid driving license for the type of vehicle applied for.
  • One should not be a defaulter of any bank/ financial institution.

Financing Programmes
As part of new initiative the NMDFC has introduced the additional household income eligibility criteria of upto Rs.6.00 lac p.a. to expand the coverage under its schemes. The NMDFC has segregated the financing schemes into the following two categories with differential quantum of loan & interest rates for beneficiaries from different income groups.

1. Credit Line-1
2. Credit Line-2


Credit Line-1

S.No
Type of Loan
Max. cost of Project
Apex Corp. Share
State Corp Share
Benef. Share
Rate of Interest
Repayment period in monthly installments
01
Term Loan
20.00 Lacs
85%
10%
5%
6%
54
02
Micro Finance Scheme (through SHGs)
1.00 Lac ( Rs.25.00 per SHG/NGO)
90%
5%
5%
7%
36



(II)Educational loan Scheme for Notified National Minorities (under Credit Line-1)

Type of Loan

Max. Quantum of Loan for study (Amt.in Lakhs) including benef. Share

Rate of interest

Repayment

In India

In Abroad

Educational Loan

15.00

20.00

3%

Repayment shall be commenced after six months of completion of course or getting employment whichever is earlier)


Credit Line-2

S.No
Type of Loan
Max. cost of Project
Apex Corp. Share
State Corp Share
Benef. Share
Rate of Interest
Repayment period in monthly installments
01
Term Loan
30.00 Lacs
85%
10%
5%
8% for male &6% for female beneficiaries
54
02
Micro Finance Scheme (through SHGs)
1.50 Lacs (Rs.30.00 Lacs Per SHG)
90%
5%
5%
10% for male &8% for female beneficiaries
36


Educational loan Scheme for Notified National Minorities (under Credit Line-2)

Type of Loan
Max. Quantum of Loan for study (Amt.in Lakhs) including benef. Share
Rate of interest Repayment
In India
In Abroad
Educational Loan
20.00
30.00
8% for male &5% for female beneficiaries Repayment shall be commenced after six months of completion of course or getting employment whichever is earlier)


(III)Skill Development Programme:
The corporation has been undertaking various skill development programme by imparting training to the candidates of the target groups to develop their skills and knowledge with a view to enhance their competence for wage employment /self employment. Under the scheme the corporation arranges need based vocational training/ skill development programme with the financial support from NMDFC or other sources.

For more details websites of NMDFC, www.nmdfc.org and the Ministry of Social Justice & Empowerment, Govt. of India; www.minorityaffairs.gov.in can be viewed.


(IV) MARKETING LINKAGES

Besides other development activities, the corporation is promoting facilities for its beneficiaries by providing opportunities to participate in the country’s leading fairs like; India International Trade Fair, Dilli Haat, Surajkund Craft Mela as well as in exhibitions/fairs organized in other States on important occasions and festivals etc. The events not only give much needed marketing exposure to these artisans/beneficiaries but also provide an opportunity to market their products at good price which usually they find difficult in their own places.

The corporation can assist a wide range of activities for financing mainly under the following broad sectors:

  • Transport Sector activities
  • Agriculture & Allied Activities;
  • Small Business/ Trade
  • Tiny/ Cottage industry or Service activities.
  • Artisan & Traditional activities
Copyright © 2016 J&K SC,ST & BC Dev.Corporation Ltd, 715-A, Last Morh, Gandhi Nagar, Jammu - 180004
Telephone/ Fax: +91-0191-2433229