India

NMDFC Disburses Over Rs 9,200 Crore To 24.8 Lakh Beneficiaries, 85% Women

The National Minorities Development and Finance Corporation (NMDFC) has disbursed over Rs 9,228 crore to more than 24.84 lakh beneficiaries since its inception. Notably, 85% of the beneficiaries are women, the government announced on Saturday.

Under the Ministry of Minority Affairs, NMDFC works to uplift backward sections of minority communities. In FY 2023-24 alone, the corporation released Rs 765.45 crore, benefiting 1.84 lakh individuals.

To streamline operations, NMDFC launched the MILAN (Minority Loan Accounting Software for NMDFC) app. This tool digitizes loan processes and integrates with NMDFC’s MIS portal, which now tracks data for 14.57 lakh beneficiaries. The app is available on both Android and iOS.

Also Read: OP Singh Shares Story Of First Major Encounter With Sikh Militants At Crime Literature Festival

Additionally, the Union Bank of India, Indian Bank, and Punjab Gramin Bank have signed MoUs to implement NMDFC schemes on a refinance basis.

As part of its 100-day action plan, the Ministry organized ‘Lok Samvardhan Parv’ in July, which featured over 70 handicraft and handloom products made by 162 minority artisans.

The Ministry also launched the ‘Haj Suvidha App’ this year to improve the pilgrimage experience. The app helped resolve over 9,000 grievances and 2,000 SOS cases, with a record 4,557 female pilgrims this year.

Other initiatives include the ‘Jiyo Parsi’ scheme to address the population decline of the Parsi community and a new portal for Parsi couples seeking financial assistance for medical needs.

In legislative news, the Ministry introduced the Waqf (Amendment) Bill, 2024, in the Lok Sabha, which is now under review by a Joint Committee of Parliament.

Shibra Arshad

Recent Posts

PM Modi Meets Bhutan PM Tobgay At BIMSTEC Summit; Highlights Strong Bilateral Ties & Regional Cooperation

PM Narendra Modi met Bhutanese PM Tshering Tobgay on the sidelines of the 6th BIMSTEC…

4 hours ago

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

6 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

7 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

8 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

8 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

9 hours ago