Micro Finance Scheme of NMDFC
Under the scheme, an amount of Rs. 1 lakh under credit Line-1 & upto Rs. 1.5 lakh under Credit Line-2 is extended to each member of SHG (belong to Minority communities) at interest rate of 7% & 10% respectively. Concession of 2% is extended to women beneficiaries under Credit Line-2.
About This Scheme
Under this Scheme of NMDFC, credit is extended to the members of the Self Help Groups (SHGs), predominantly comprising of the minority women scattered in remote villages and urban slums, who are not able to take advantage of the formal banking credit. Under the scheme, an amount of Rs. 1 lacs under credit Line-1 & upto Rs. 1.5 lacs under Credit Line-2 is extended to each member of SHG at interest rate of 7% & 10% respectively. Concession of 2% is extended to women beneficiaries under Credit Line-2.
Benefits
Concessional Credit to the beneficiaries among minority communities.
Eligibility Criteria
a) The scheme is implemented through Self Help Groups (SHGs) or Thrift and Credit Groups (TCGs) comprising members of minority communities.
b) At least 75% of the members of each SHG/TCG must belong to notified minority communities. The remaining up to 25% may belong to weaker sections, including Scheduled Castes, Scheduled Tribes, Other Backward Classes, or Persons with Disabilities.
In exceptional cases, groups with minimum 60% minority members may also be considered.
c) The annual family income of each beneficiary must not exceed:
Rs. 3.00 lakh under Credit Line–1.
Rs. 8.00 lakh under Credit Line–2.
d) The SHG should have a satisfactory record of thrift and credit activity for at least six months.
e) The beneficiaries should not be defaulters under any other loan scheme.
f) Loans shall be used for income-generating activities such as petty trade, handicrafts, food processing, and service enterprises.
g) Preference shall be given to women SHGs and groups operating in rural and minority-concentrated areas.
Application Process
Apply Offline
NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
Official Source: View on myScheme.gov.in
Benefits
Concessional Credit to the beneficiaries among minority communities.
Application Process
Apply Offline
NMDFC implements its schemes & programs through State Channelizing Agencies (SCA list: www.nmdfc.org/SCA ) nominated by the respective State Governments & Banking Partners (Presently through Canara Bank & Punjab Grameen Bank).
References & Official Links
Scheme Details
| Full Name | Micro Finance Scheme of NMDFC |
| Short Title | MFS-NMDFC |
| Level | Central |
| Scheme For | Individual |
| Ministry | Ministry Of Minority Affairs |
| Categories | Banking,Financial Services and Insurance |
| States | All India |
| Gender | All |
| Age Range | 75 — 25 years |
| Caste/Category | SC, ST, OBC, Minority |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |
Deepika Raikwar · 📅 17 May 2026
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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