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National Minorities Development and Finance Corporation (NMDFC) was incorporated in September 1994 as a non profit company under Ministry of Social Justice and Empowerment, Government of India to provide concessional finance for self-employment activities to eligible beneficiaries belonging to the minority communities, having a family income below double the poverty line.
National Rural Livelihood Mission (NRLM) is a poverty alleviation project implemented by Ministry of Rural Development, Government of India. This scheme is focused on promoting self-employment and organization of rural poor. The basic idea behind this programme is to organize the poor into SHG groups and make them capable for self-employment. In 1999 after restructuring Integrated Rural Development Programme(IRDP), Ministry of Rural Development (MoRD) launched Swarnajayanti Grameen Swarojgar Yojana (SGSY) to focus on promoting self-employment among rural poor. SGSY is now remodeled to form NRLM thereby plugging the shortfalls of SGSY programme. This scheme was launched in 2011 with a budget of $5.1 billion and is one of the flagship programmes of Ministry of Rural Development. This is one of the world's largest initiatives to improve the livelihood of poor. This programme is supported by the World Bank with a credit of $1 Billion. The scheme was succeeded by Deen Dayal Antyodaya Yojana on 25 September 2015.
References
- ↑ "National Backward Classes Finance & Development Corporation". nbcfdc.org.in. Archived from the original on 7 August 2013. Retrieved 28 July 2013.
- ↑ "National Backward Classes Finance and Development Corporation (NBCFDC) - Schemes / Programmes - Welfare of Backward Classes: Ministry of Social Justice and Empowerment, Government of India". Socialjustice.nic.in. Retrieved 25 July 2013.
