WBMDFC was established in 1996 as per West Bengal Act XVIII of 1995, i.e. The West Bengal Minorities’ Development and Finance Corporation Act, 1995.The Corporation has taken up various schemes for Economic Welfare, Scholarships, vocational training, mass awareness and career counseling which are running successfully for person belonging to the notified religious minority Communities i.e., Muslim/Christian/Buddhist/Sikh/Jain and Parsee for their economic upliftment.
Some of the Function of the Corporation:-
- To provide different scholarships (Merit-Cum-Means, Post Matric, Pre Matric and Talent support stipend) for poor and meritorious students.
To provide Education Loans for poor and meritorious students for their studies.
- To promote training programmes for development and up gradation of skill.
- To provide training for various competitive exams.
- To undertake programmes for empowerment of minority women.