March 14, 2026 09:53 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Nobody will hire them': Supreme Court says menstrual leave would backfire, hurt women's careers | Rupee sinks to record low as West Asia conflict shakes Indian markets | ₹20 lakh crore wiped out: Indian markets post worst week in 4 years amid West Asia tensions | America’s flip-flop on Russian oil: How Washington sends conflicting signals to India | Big diplomatic win! Iran allows Indian oil tankers through the Strait of Hormuz | ‘It was over in the first hour’: Trump declares victory in Iran war, says ‘nothing left to target’ | Indian-origin shopkeepers face targeted attacks in Wembley; Somali men suspected | Iran pulls out of 2026 FIFA World Cup amid war with US-Israel | Supreme Court allows first-ever passive euthanasia for 32-year-old man in coma for 13 years | As Iran-US war disrupts global gas supply, India issues guidelines to manage shortages

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: Kolkata faces widespread LPG shortage amid supply crunch
In Images: Kolkata faces widespread LPG shortage amid supply crunch Mar 13, 2026, at 12:59 pm
In Images: CEC Gyanesh Kumar offers prayers at Dakshineswar Temple in Kolkata
In Images: CEC Gyanesh Kumar offers prayers at Dakshineswar Temple in Kolkata Mar 10, 2026, at 01:22 pm
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
Related Videos
Chilika’s 150-Year-Old Panchu Dola Melana Brings Villages Together Mar 13, 2026, at 10:16 am
Delhi civic body demolishes house linked to Holi murder case Mar 10, 2026, at 05:01 pm
Mamata Banerjee holds dharna over SIR in Kolkata Mar 06, 2026, at 03:41 pm