The Union cabinet Thursday approved increasing the share capital of the National Minorities Development and Finance Corp (NMDFC) from Rs.6.5 billion to Rs.7.5 billion for economic development of backward sections amongst minorities.
The change in shareholding pattern of the NMDFC would enable it to reach out to more people from backward sections that are below the poverty line
source : http://www.newspostindia.com/report-22579
India Approves More Funds For Minorities' Development
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