Route · /scheme/mfs-nmdfc

MFS-NMDFC

Micro Finance Scheme of NMDFC

NationwideSelf Help Groups (SHGS)CentralCentrally Sponsored SchemeMinistry Of Minority AffairsNo start date

myScheme’s own wording, reproduced in full. Where it is thin, that is the finding, and the completeness checks are below.

What this is

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.

In detail

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 ₹1,00,000/- under credit Line-1 & upto ₹1,50,000/- 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.

Who qualifies

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.

What you get

Concessional Credit to the beneficiaries among minority communities.

Who is excluded

Other than Six Notified minority communities having annual family income of more than Rs. 3.00 Lakhs under credit line 1 and of more than Rs.8.00 Lakhs under credit line 2.

Listed by myScheme

Documentation completeness

5 of 9 checks passed

Checks are about the record,
not about the scheme.

✓

Eligibility published here1035 characters

✗

Benefit amount published hereamount or quantity stated

✓

Description more than a name286 characters

✗

Implementing agency published herefield absent from the record

✓

How to apply published hereoffline mode declared, no URL needed

✗

Start date published herenot published

✗

End date published hereno end date recorded, so indefinite by omission

✓

Stored links well-formedall parse

✓

Not expired while still listedno end date

Something missing or wrong on this page? This register only knows what four government sources publish. If you know where the real figure lives, a link to the notification or order is what lets us publish it. Tell us on GitHub

Provenance

Every field above, and where it came from

schemeName	Micro Finance Scheme of NMDFC	myScheme · 2026-09-02
schemeOpenDate	...	not published at source
schemeCloseDate	...	not published at source
nodalMinistryName	Ministry Of Minority Affairs	myScheme · 2026-09-02
dbtScheme	...	myScheme · 2026-09-02
achievement data	...	no source publishes this for any central scheme