NMDFCNational Minorities Development Finance Corporation (India)
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NMDFC implements its schemes through 37 State Channelizing Agencies in 29 States/UTs, NMDFC will tie up with the Nodal Bank wherever required to enhance its outreach.
NMDFC was constituted on 30th September 1994 as a non-profit making company under Section 25 of the Companies Act, 1956.
115 crore will be released to NMDFC by way of equity contribution of the Central Government.
The NMDFC is greatly dependent on Central equity contribution.
125 crores will be released to the NMDFC by way of equity contribution of the Central Government during 2009-10.
In tune with priority of Government of India, NMDFC has taken up the Skill Development Programme in eight Minority Concentration Districts (MCDs) in Uttar Pradesh and two MCDs in Uttrakhand through reputed training agencies, wherein overall 6,300 candidates are being trained.