March 10, 2026 09:13 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
CEC Gyanesh Kumar faces black flags during Kalighat Temple visit in Kolkata amid TMC’s SIR protests | ‘Arrogance will be shattered’: PM Modi warns Mamata Banerjee over remarks on President Murmu | Bloodbath on Dalal Street! Sensex, Nifty crash amid escalating Middle East conflict | Iran appoints Mojtaba Khamenei as new supreme leader amid Middle East tension | Iranian drone strike near Dubai Intl. Airport's terminal forces emergency flight suspensions | 26-year-old Hindu man killed after Holi altercation with Muslim neighbour in Delhi’s Uttam Nagar; four arrested | Zohran Mamdani defends wife amid scrutiny over her 'support' for Palestinian cause | Explosions rock club in Kolkata’s Paikpara, locals claim bombs were stored inside | Iran conflict: White House says US could achieve ‘Operation Epic Fury’ objectives in 4–6 weeks | Sensex, Nifty tumble as global tensions and Dow selloff rattle Indian markets

Cabinet approves increasing the Authorised Share Capital of NMDFC

| | Feb 11, 2015, at 02:02 am
#Cabinet approves increasing the Authorised Share Capital of NMDFC
New Delhi, Feb 10 (IBNS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday gave its approval for increasing the Authorised Share Capital of the National Minorities Development and Finance Corporation (NMDFC), a Central Sector Public Enterprise (CPSE) under Government of India in the Ministry of Minority Affairs from Rs. 1500 crore to Rs. 3000 crore.
"Approval was also given to revise the shareholding pattern from 65:26:9 to 73:26:1 among the Centre, States/Union Territories and Individuals/Institutions respectively. Further, approval was also given for restructuring of the NMFDC’s business model," read an official statement.
 
 
"The decision will enlarge the quantum of funds available for economic activities, better coverage and enhanced outreach. Enhancement of share capital would expand its ambit of coverage and increase disbursement of funds to larger sections of the economically deprived minority population. The target of NMDFC for the year 2014-15 is to cover 97000 beneficiaries," it said.
 
NMDFC implements its schemes through 37 State Channelizing Agencies in 29 States/UTs, NMDFC will tie up with the Nodal Bank wherever required to enhance its outreach.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
In Images: Prez Murmu attends the 9th International Santal Conference at Darjeeling
In Images: Prez Murmu attends the 9th International Santal Conference at Darjeeling Mar 08, 2026, at 02:47 am
In Images: Mamata Banerjee holds dharna in Kolkata over SIR issue
In Images: Mamata Banerjee holds dharna in Kolkata over SIR issue Mar 06, 2026, at 06:25 pm
Mamata Banerjee joins grand Holi celebration in Kolkata — Watch the festive moments
Mamata Banerjee joins grand Holi celebration in Kolkata — Watch the festive moments Mar 03, 2026, at 05:05 pm
Related Videos
Mamata Banerjee holds dharna over SIR in Kolkata Mar 06, 2026, at 03:41 pm
Fire at Dudhia in Kurseong Feb 26, 2026, at 03:54 pm
PM Modi Flags Off Meerut Metro & Full Delhi–Meerut Namo Bharat Corridor Feb 26, 2026, at 03:53 pm