My dear Friends, Dr. J. Peter Rodrigues, Chairperson of St. Andrew's unit, The Bombay Catholic sabha, organised a talk on Sunday, 27th, July, 2008, on "finance from govtmt for christians" - Speaker - Mr. Gordon, V.P. The BCS, Mumbai.
Kindly forward the below information to everyone:- All my love, Jane ================================== The Mumbai-based Maulana Azad Minorities Financial Development Corporation Ltd (MAMFDC), set up in the year 2000, has a budget of Rs. 100 crore to provide soft loans for various schemes and higher education for the needy Christians from the lower income groups. LOANS AVAILABLE:- Soft loan schemes are as follows:- (1) Direct Loan Schemes Loan limit Rs. 5,000/- to Rs. 50,000/-. Interest rate 6 percent. Self contribution 5 percent and loan repayment period 5 years. (2) Term Loan Scheme Loan limit Rs. 5,000/- to Rs. 5 lakhs. Interest rate 6 percent for amounts upto Rs. 2 lakhs and 10 percent for amounts above it. Self contribution 5 percent. (3) Seed capital loan scheme - Loan limit Rs. 5,000/- to Rs. 5 lakhs. Self contribution 5 percent. Corporations contribution 35% of the project cost and bank loan is 60%. Interest @ 3% for Corporations contribution. Repayment period 5 years. (4) Education loan scheme Loan limit upto Rs. 3 lakhs for any form of higher education beyond the HSC. Simple interest applicable is 3%. Repayment is 3 years after the beneficiary is employed. (5) Micro finance :- Loan limit upto Rs. 25,000/- per applicant.SHG(self help groups) . Interest @ 5 percent. (6) Mahila Samrudhi scheme Loan limit upto Rs. 25,000/- per applicant/beneficiary @ 4 % interest. DOCUMENTS REQUIRED :- (1) Proof of residence (2) Proof of income (3) Project quotations (4) Guarantor WHO CAN APPLY? You can apply for the loan if:- (1) You are between 18 45 years of age, (2) Your minimum education qualification of upto class iv. (3) The annual family income of applicant in (a) urban area must be below rs. 54,000/- (b) rural area must be below Rs. 39,500/- (4) MAFDC performs activities through district level Employment and self-employment guidance centres. WHERE TO APPLY? Contact Person - (1) Gaffar Shaikh - Managing director MAMFDC (2) Janet DSouza Director - MAMFDC Application forms are available at office of MAMFDC, second floor, D.D bldg, Old Customs house, Shahid Bhagat Singh road, Mumbai 400 023. Ph nos. 022-22653080 / 22633351 FAX: 022 22672294 E-mail:[EMAIL PROTECTED] / [EMAIL PROTECTED] MAMFDC also helps you by:- (1) Organising vocational training programmes (2) Exhibitions (3) Marketing (4) Skill Upgradation (5) Design development programmes
