OREANDA-NEWS. National Minorities Development and Finance Corporation (NMDFC), a Central Public Sector Enterprise of Ministry of Minority Affairs, receives fund as share capital from Central Government (65%), State Governments (26%) and individuals/institutions (9%). The details of amount received by NMDFC as share equity during 2011-12, 2012-13 and 2013-14 and utilization by them are as -

 (Rs. in crore)

Year

Central Government

State Governments / UTs

Individuals / Institutions

Total

Amount disbursed/ Utilized by NMDFC

2011-12

115.00

24.03

0.00

139.03

271.37

2012-13

99.64

25.38

0.00

125.02

370.76

2013-14

0.00

4.30

0.00

4.30

325.46

 

 The annual targets for disbursement of funds by the NMDFC are fixed through a Memorandum of Understanding signed between the Ministry and the NMDFC, as approved by the Task Force of Department of Public Enterprises. The targets and disbursement for the last three years were as enlisted.

 

Year

Annual MOU Targets (Rs. in crore)

 

Disbursements by NMDFC (Rs. in crore)

 

2011-12

220.00

271.37

2012-13

300.00

370.76

2013-14

350.00

325.46

 

This was stated by Shri Mukhtar Abbas Naqvi, the Minister of State for Minority Affairs in reply to question in Rajya Sabha today.