RAJYA SABHA
Forty
crore and twenty six lakh rupees were released to the National
Minorities Development & Finance Corporation (NMFDC) by
the Ministry of Social Justice and Empowerment during the last
two financial years. Of this twenty five crore rupees were released
during 2000-01 and fifteen crore twenty six lakh rupees during
2001-02. This was stated by the Minister of State for Social
Justice and Empowerment Dr. Sanjay Paswan during Question Hour
in the Rajya Sabha today. He said that the allocation of funds
to various channelising agencies of state governments is decided
on the basis of their performance in the previous year and the
availability of funds during that year. Dr. Paswan said that
NMFDC provides loans to persons belonging to minorities living
below double the poverty line for undertaking income-generating
activities. The Corporation also provides micro-credit to the
poorest of poor among the minorities organised in Self Help
Groups. It has also started a new scheme for educational loan.
