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Loan eligibility may be revised for minorities

Published: 18th May 2013 10:12 AM  |   Last Updated: 18th May 2013 10:12 AM   |  A+A-

The Centre is likely to enhance the income eligibility criteria for availing concessional loans by minorities living below double the poverty line through the National Minorities Development and Finance Corporation (NMDFC).

The revision is being considered to ensure larger outreach of the benefits of NMDFC schemes. At present, families with an annual income of less than `40,000 per year in rural areas and `55,000 per year in urban areas are categorised as below double the poverty line.

The annual review of state channelising agencies (SCAs) by the National Minorities Development and Finance Corporation (NMDFC) is being held in Chennai on Saturday.

The meeting will discuss the take-aways of the last financial year and will work out the strategy for the current year to be adopted by SCAs agencies in order to deliver their services effectively and efficiently for economic and educational empowerment of the poor notified minorities in the country.

About 100 participants from 36 SCAs are likely to participate and interact to deliberate issues and best practices.



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