NMDFC Micro-Finance Scheme for Minority SHGs

What it is

Provide quick, small-scale credit for income-generating activity through organized Self Help Groups that practice thrift and credit.

What you get

• NMDFC SHG micro-credit with separate member and group ceilings by credit lineUp to ₹30,00,000

Who it is for

• beneficiary must belong to a notified minority community under the selected current credit line
• beneficiaries must be organized into an eligible SHG and satisfy thrift, credit and SCA requirements
• Credit Line 1 and Credit Line 2 have different income, member-level, group-level, interest and repayment terms
• the route is implemented through State Channelizing Agencies and current SHG/partner rules
• women-focused and minority-composition conditions must be verified against the current guideline and SCA

How to apply

1. 1
   Confirm SHG and current credit line

   Verify group composition, member eligibility, income line, member/group ceiling and women concession under the current guideline.

   Official step
2. 2
   Prepare group and member records

   Collect SHG formation, thrift/credit, minority, income, residence, KYC and activity evidence.

   Official step
3. 3
   Apply through the SCA

   Submit the SHG route through the relevant State Channelizing Agency and follow its current appraisal and documentation process.

   Official step
4. 4
   Complete disbursement and repayment setup

   Confirm member/group sanction, rate, contribution, moratorium if any, repayment and monitoring obligations before accepting funds.

   Official step

Keep ready