https://www.taxtmi.com/news?id=13925 The Cabinet approved increasing the Authorised Share Capital of NMDFC and revising its shareholding pattern to raise the Centre's stake, enabling release of earmarked central contribution and larger disbursements. The restructuring of NMDFC's business model aims to expand outreach and fund coverage, implementing schemes through State Channelizing Agencies and tying up with nodal banks; the Corporation's target for the year is to cover 97,000 beneficiaries. NMDFC is a non profit company under Section 25 that provides concessional loans to eligible minority communities within prescribed family income ceilings. en-us Wed, 11 Feb 2015 11:14:43 +0530 Wed, 11 Feb 2015 11:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13925 The Cabinet approved increasing the Authorised Share Capital of NMDFC and revising its shareholding pattern to raise the Centre's stake, enabling release of earmarked central contribution and larger disbursements. The restructuring of NMDFC's business model aims to expand outreach and fund coverage, implementing schemes through State Channelizing Agencies and tying up with nodal banks; the Corporation's target for the year is to cover 97,000 beneficiaries. NMDFC is a non profit company under Section 25 that provides concessional loans to eligible minority communities within prescribed family income ceilings. News - Wed, 11 Feb 2015 11:14:43 +0530 https://www.taxtmi.com/news?id=13925