The H.P. Minorities Finance & Development Corporation (HPMFDC) was registered under Section 25 of the Companies Act, 1956 (not for profit) on 23-09-1996 and was declared State Channeling Agency (SCA) for National Minorities Finance & Development Corporation, New Delhi (NMFDC) with the objective to give social, economic and educational upliftment to the people of Minorities below double the poverty line in H.P. by providing financial assistance/loans to them for setting up of self employment ventures of income generating activities and education loan for acquiring professional/technical education and job oriented degrees in India and abroad as well, as per NMDFC guidelines and schemes.

NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs 18.00 lacs. The remaining cost of project is met by the SCA and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost.

The minority communities (Sikhs, Muslims, Christians, Buddhists, Jains and Parsis).

Article 1 of the United National Declaration on Minorities refers to minority status as based on national or ethnic, cultural, religious and linguistic identity.

Managing Director, Himachal Pradesh Minorities Finance and Development Corporation Shimla / Concerned District Welfare Officer / Tehsil Welfare Officer.

The age of the applicant should be between 16 years to 32 years.

Yes, Loans are given for self-employment for 5 years at 6 percent interest rate up to Rs.5.00 lakh.