Share Of NMDFC

Share Of NMDFC 

In pursuance of decision taken by the Union Cabinet on 10.2.2015, the Government has increased the authorized share capital of National Minorities Development and Finance Corporation (NMDFC) from Rs. 1500 crore to Rs. 3000 crore.

                        Funds are released by the Ministry to NMDFC as contribution of Central share in its equity. The details of budgetary allocation made by Central Government for equity contribution to NMDFC during last three years and current year are –enlisted

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(Rs. in crore)

Year	Budgetary Allocation for Central Equity contribution to NMDFC	Actual contribution in equity of NMDFC by Ministry
2012-13	120.00	99.64
2013-14	120.00	0.00
2014-15	120.00	30.00
2015-16	120.00	120.00

In order to strengthen NMDFC,the f steps taken include-

The Central share has been increased in the Share holding pattern of NMDFC as the share holding pattern has been revised from 65:26:9 to 73:26:1 among Centre, States/ UTs and Individuals/ Institutions respectively. With increase in Authorised Share Capital and revised shareholding pattern of NMDFC, the Central Government is in a position to contribute its share capital to the NMDFC and the NMDFC will be able to implement its schemes as per annual plans more effectively.

NMDFC implements its lending schemes through State Channelizing Agencies (SCAs) nominated by respective State Governments/UT Administration. Ministry implements a performance based scheme for providing Grants-in-Aid to SCAs through NMDFC, for strengthening their infrastructure and lending operations.

NMDFC has also been directed to explore tie up with Banks as alternative channels to enhance outreach.

NMDFC has raised the annual family income eligibility criterion upto Rs. 6.00 lakh per annum to enhance outreach. Moreover, the quantum of loan amount under Term Loans, Micro Finance and Educational Loan schemes has been increased. Quantum of loan under Term Loan scheme has been increased from Rs.10.00 lakh to Rs.30.00 lakh while under Micro-Finance scheme, it has been increased from Rs.50,000/- to Rs.1.50 lakh per member of a Self Help Group. Under Education Loan scheme, the quantum of loan has been increased from Rs.5.00 lakh to Rs.20.00 lakh for domestic courses and from Rs.10.00 lakh to Rs.30.00 lakh for courses abroad.

NMDFC has established Maulana Azad National Academy for Skills (MANAS) on 11/11/2014 as a Special Purpose Vehicle (SPV) for providing an integrated institutional arrangement, to meet all skill development /entrepreneurship development needs of the minority communities and provide sustainable livelihood options in terms of self-employment /wage employment opportunities with primary focus of self-employment with credit linkages.

Name of Scheme	Earlier Loan Limit	Revised Loan Limit
Term Loan	Rs.10.00 lakh	Rs.30.00 lakh
Education Loan for domestic courses	Rs.10.00 lakh	Rs. 20.00 lakh
Education Loan for Courses Abroad	Rs.20.00 lakh	Rs.30.00 lakh
Micro-Finance scheme	Rs.50,000 per SHG member.	Rs.1.50 lakh per SHG member.

This Information was given by the Minister of State Shri Mukhtar Abbas Naqvi in reply to a question in Lok Sabha today.

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Development Of Linguistic Minorities 

In accordance with Article 350-B of the Constitution, it is the duty of the Office of the Special Officer for Linguistic Minorities [commonly known as the Commissioner for Linguistic Minorities(CLM)] to investigate all matters relating to the safeguards provided for the Linguistic Minorities under the Constitution and report to the President upon those matters at such intervals as the President may direct, and the President shall cause all such reports to be laid before each House of Parliament, and sent to the Governments of the States concerned.

The CLM takes up all the matters pertaining to the grievances arising out of the non-implementation of the Constitutional and Nationally Agreed Scheme of Safeguards provided to linguistic minorities that come to its notice or are brought to its knowledge by the linguistic minority individuals, groups, associations of organizations at the highest political and administrative levels of the State Governments and UT Administrations and recommends remedial actions to be taken. 

The Ministry of Human Resource Development has initiated a ‘Scheme for Protection and Preservation of Endangered Languages’ implemented by Central Institute of Indian Languages (CIIL), Mysore for protection and preservation of minor/minority languages/mother tongues’ spoken by fewer than 10000 persons. 

Matribhasha Diwas (Mother Tongue Day) was celebrated in various Educational Institutions under the Ministry of Human Resource Development on 03-03-2016 to highlight the objectives like linguistic diversity of our country, encourage usage, not only of the respective mother tongue, but other Indian languages to understand and draw attention to the diversity of languages and cultures, encourage learning of languages other than own mother tongue. 

This Information was given by the Minister of State Minority Affairs Shri Mukhtar Abbas Naqvi in reply to a question in Lok Sabha today.