About this social welfare scheme
Social, educational and economic upliftment of the minority class people living below the poverty line of the state.
The H.P. Minorities Finance & Development Corporation (HPMFDC) was registered under Section 25 of the Companies Act, 1956 (not for profit) on 23-09-1996 and was declared State Channeling Agency (SCA) for National Minorities Finance & Development Corporation, New Delhi (NMFDC) with the objective to give social, economic and educational upliftment to the people of Minorities below double the poverty line in H.P. by providing financial assistance/loans to them for setting up of self employment ventures of income generating activities and education loan for acquiring professional/technical education and job oriented degrees in India and abroad as well, as per NMDFC guidelines and schemes. Similarly, the Corporation was also declared State Channeling Agency (SCA) for National Handicapped Finance & Development Corporation, Faridabad (NHFDC) on 20-01-1999 for providing them financial assistance/ loan for setting up of self employment ventures of income generating activities and education loan for acquiring professional/technical education and job oriented degrees in India and abroad as well.
Benefits at a glance
| Scheme name | Schemes Of HP Minorities Finance & Development Corporation (HPMFD) |
|---|---|
| Launched by | Department of Social Justice and Empowerment |
| Launch year | 1996 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Social welfare |
| Level / State | State · Himachal Pradesh |
| Official portal | minority.hp.gov.in (see References at the end) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Not given in the official listing |
Who can apply (quick check)
- 👤All genders
- 🕌Minorities only
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Loans are given for self-employment for 5 years at 6 percent interest rate up to Rs.5.00 lakh.
- Loans for professional and technical education like JBT, Nursing, Hotel Management, MBA, MBBS, Engineering, LLB and B.Ed etc. are given at 3% interest rate up to Rs. 10,00 lakh.
- The age of the applicant should be between 16 years to 32 years.
Who qualifies
Individuals belonging to minority communities (Sikhs, Muslims, Christians, Buddhists, Jains and Parsis) in the age group of 18 years to 55 years whose annual income is Rs.98,000/- (rural areas) and Rs.1,20,000/- (urban areas) be less than.
Papers to keep ready
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It is mandatory for the eligible person to submit his application on the prescribed form along with
Registration walkthrough
Offline
It is mandatory for the eligible person to submit his application on the prescribed form along with caste certificate, income certificate, age certificate and Himachali certificate issued by the executive magistrate.
Important dates
| Launch / start | 23 Sep 1996 |
|---|
Frequently asked questions
What is the full form of HPMFDC?
The H.P. Minorities Finance & Development Corporation (HPMFDC) was registered under Section 25 of the Companies Act, 1956 (not for profit) on 23-09-1996 and was declared State Channeling Agency (SCA) for National Minorities Finance & Development Corporation, New Delhi (NMFDC) with the objective to give social, economic and educational upliftment to the people of Minorities below double the poverty line in H.P. by providing financial assistance/loans to them for setting up of self employment ventures of income generating activities and education loan for acquiring professional/technical education and job oriented degrees in India and abroad as well, as per NMDFC guidelines and schemes.
What is term loan scheme for minorities?
NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs. 18.00 lacs. The remaining cost of project is met by the SCA and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost.
Who is minority in Himachal Pradesh?
The minority communities (Sikhs, Muslims, Christians, Buddhists, Jains and Parsis).
What is a minority status?
Article 1 of the United National Declaration on Minorities refers to minority status as based on national or ethnic, cultural, religious and linguistic identity.
Who are the liaison officer in Himachal Pradesh?
Managing Director, Himachal Pradesh Minorities Finance and Development Corporation Shimla / Concerned District Welfare Officer / Tehsil Welfare Officer.
Waht is the age for avail the Loans for professional and technical educations?
The age of the applicant should be between 16 years to 32 years.
Is there any opportunity for self-employment?
Yes, Loans are given for self-employment for 5 years at 6 percent interest rate up to Rs.5.00 lakh.
References and official sources
Apply only on the official portal. Nothing is applied for on this site, and applying is free.
- Guidelines esomsa.hp.gov.in
grokipedia.org.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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