Share capital of Minorities Devl Corp doubled to Rs 3,000 cr

A proposal to double the share capital of National Minorities Development and Finance Corporation (NMDFC) to Rs 3,000 crore got the government's nod today.

The proposal to double the share capital of NMDFC from Rs 1,500 crore was approved by the Union Cabinet, sources said.

The NMDFC was established by the government with the objective of providing economic assistance to the poorer sections of notified Minority Communities in the country.