National Minorities Development and Finance Corporation explained

National Minorities Development and Finance Corporation (NMDFC) was incorporated in September 1994 as a non profit company under Ministry of Social Justice and Empowerment, Government of India to provide concessional finance for self-employment activities to eligible beneficiaries belonging to the minority communities, having a family income below double the poverty line.^{[1] [2]}

After the establishment of the Ministry of Minority Affairs, the administrative control of NMDFC directed into this ministry.^[3]

Notes and References

1. Web site: Equity to NMDFC | . Minorityaffairs.gov.in . 2013-07-25.
2. Web site: Press Information Bureau English Releases . Pib.nic.in . 2011-07-31 . 2013-07-25.
3. Web site: National Minorities Development & Finance Corporation . Nmdfc.org . 2013-07-25.