April 29, 2026 08:01 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Nothing like playing football’: PM Modi unwinds in Sikkim after Bengal poll blitz | Crackdown on D-Company: Dawood aide Salim Dola deported to India | Mumbai horror: Man asks two security guards to recite ‘kalma’, then stabs them | ‘Fair & Lovely Babua’: TMC jabs IPS officer Ajay Pal Sharma over viral video; Akhilesh joins attack | ‘Don’t regret later’: IPS officer Ajay Pal Sharma’s warning to TMC candidate sparks BJP-TMC clash | ‘Will return for swearing-in’: Modi ends Bengal campaign, signals BJP win | Top LeT commander Sheikh Yousuf Afridi gunned down in Pakistan—Mystery gunmen strike again | 'Had a child together, now alleges rape': SC says consensual live-in breakup is not a crime | YouTuber Saleem Wastik arrested in connection with 1995 kidnapping and murder case | Maharashtra Police makes first arrest months after Akshay Kumar revealed daughter’s cyber harassment

Cabinet approves increasing the Authorised Share Capital of NMDFC

| | Feb 11, 2015, at 02:02 am
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.
#Cabinet approves increasing the Authorised Share Capital of NMDFC

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: Mamata Banerjee casts her vote in Kolkata
In Images: Mamata Banerjee casts her vote in Kolkata Apr 29, 2026, at 05:27 pm
Missionaries of Charity Nuns Queue Up to Vote in Kolkata, A Picture of Quiet Civic Duty
Missionaries of Charity Nuns Queue Up to Vote in Kolkata, A Picture of Quiet Civic Duty Apr 29, 2026, at 03:46 pm
Kolkata’s Film Fraternity Shows Inked Fingers After Voting, Stars Lead Civic Moment
Kolkata’s Film Fraternity Shows Inked Fingers After Voting, Stars Lead Civic Moment Apr 29, 2026, at 03:32 pm
Related Videos
Subrata Gupta on Bengal Poll Phase 2 Apr 29, 2026, at 04:13 pm
Bengal polls: Chaos in Bhabanipur Apr 29, 2026, at 04:12 pm
Actor-MP Koel Mallick casts her vote in Kolkata Apr 29, 2026, at 04:11 pm