West Bengal Minorities Development & Finance Corporation
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Scheme Overview


Function: Providing soft loans for self-employment enterprises, Education loan for pursuing professional courses, Stipend & Scholarship from class 1 to PhD, Vocational courses, Housing Scheme.

Target Group: Minorities (Muslims, Christians, Sikhs, Buddhists and Parsees) between 18-45 years for Self-employment & 16-32 years for Educational Schemes having annual family income not more than Rs. 40,000 in rural areas and Rs. 55,000 in urban areas in case of Business and Education Loan. For Scholarships Schemes income ceiling varies from Scheme to Scheme.


Term Loan Scheme: Loan upto Rs. 1.00 lac (upto Rs. 5.00 lacs with the approval of NMDFC).  A Guarantor required.  Application time- mid-February to mid-March and mid-August to mid-September at BDO / Panchayat Samity Office (for rural areas) and SDO office (for municipality areas) in prescribed format. Repayment : 20 Quarterly instalments in 5 years.

Cluster Loan Scheme:
Loan upto Rs. 25,000 without Guarantor in selected cluster areas (one or two GPs or few wards of Municipality / Municipal Corporation).  Application form sold from & received at pre-announced place & time.  Repayment in 30 monthly installments.

Micro Financing Scheme through NGO & Rokeya Sakhawat Gas Oven Micro-credit Scheme: Small loans provided to members of Self-help group through reputed NGOs. They may directly apply in prescribed format for both schemes at the office of WBMDFC.

Micro Finance Direct to SHGs: Small loans for income generating economic activities provided directly to members of SHG, specially women @5% interest p.a. Repayment in 18/24 months. Applications through Filed Supervisors of WBMDFC.

Minority Women Empowerment Programme: This programme is launched by MAME deptt. for providing soft loan to SHGs for undertaking any income generation activity. Subsidy upto Rs.15000/- is given to each beneficiary. Applications on advertisement at BDO/ Municipality office.

Educational Loan: Maximum Rs. 2.5 lacs for pursuing professional courses like Medical, Engineering, Management, Nursing etc.  Interest free in case of timely repayment in two years. Online Application time- July/August every year.

Merit-cum-Means Scholarship: Scholarship upto Rs. 30,000/- per year per student is given for pursuing professional / technical courses at graduate and post graduate level. Online application in July / August every year. Family Income upto Rs.2.5 Lakh.

Post Matric Scholarship: Scholarship is given to students for pursuing studies from class XI to PhD. Yearly maintenance to students Rs. 1400/- & 2350/-, 1850/-, & 3350/- & 5100 for class XI & XII, Graduation and Master Levels respectively plus actual tuition fees. Application time  July / August every year at DM office (Minority Cell). Family Income upto Rs.2 Lakh.

State Government Stipend for Meritorious Students (Upto 2011-12): Scholarship given to students pursuing H.S, Graduation & Post Graduation @Rs.6000/-, Rs.9000/- & Rs.14400/- respectively. Selection on the basis of merit. Application time July/ August every year at DM office (Minority Cell). Family Income upto Rs.80 thousand.

Pre-Matric Scholarship: Scholarship is given to students for pursuing studies from class I to X ranging fron Rs. 1000/- to 10,700/- per year. Application time  July / August every year at BDO/ Municipality office. Family Income upto Rs.1 Lakh.

Vocational Training Programme: For upgrading the skill, 6 months courses in various trades conducted mainly through reputed govt. and private institutions. Application on advertisement at concerned institutions.

Post Matric Stipends (Under Talent Support) :This stipend is awarded to the students who are resident of West Bengal and have  passed their final examination and continuing their studies.

       I.        Scholarship is given to students for pursuing studies from class XI and onwards upto Ph.D


     II.        Annual Family Income upto Rs.2 Lakh


     III.      30% of scholarship is earmarked for girl students.


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