Section 42

Minority-community entrepreneurs

Members of the six notified minority communities (Muslims, Christians, Sikhs, Buddhists, Jains and Parsis) can get low-interest loans from NMDFC and training under PM VIKAS, on top of the general MSME schemes.

NMDFC loans disbursed in 2024-25 (to over 1.74 lakh beneficiaries, till 10 Mar 2025) · 2024-25: Over ₹752 crore
Candidates enrolled under PM VIKAS (59 implementing agencies) · 2026: 80,918

Schemes and loans for you

PM VIKAS (Pradhan Mantri Virasat Ka Samvardhan)ActiveSkilling, women's leadership and entrepreneurship training for minority communities, with mentors and links to NMDFC credit.Official page ↗
Bihar Mukhyamantri Udyami Yojana — Alpsankhyak componentActiveBihar's grant-plus-interest-free-loan scheme has a separate component for minority applicants.Up to ₹10 lakh (₹5 lakh grant + ₹5 lakh interest-free loan)Details →Official page ↗
Maharashtra CMEGP — special categoryActiveMinority applicants count as a special category with a higher subsidy under Maharashtra's employment-generation programme.Projects up to ₹1 crore (manufacturing) / ₹50 lakh (service)Details →Official page ↗
Uttarakhand Mukhyamantri Swarojgar Yojana 2.0 — special categoryActiveMinority applicants pay only 5% own money and get margin-money support on a bank loan in Uttarakhand.Margin money 15–30% of project cost + 5% boosterDetails →Official page ↗
Pradhan Mantri MUDRA Yojana (PMMY)ActiveCollateral-free bank loans for small non-farm businesses in four sizes: Shishu, Kishor, Tarun and Tarun Plus.Up to ₹20 lakh (Tarun Plus only after a Tarun loan is repaid)Details →Official page ↗
NMDFC Term LoanUnclearLow-interest loans for income-generating businesses, given through state channelising agencies.Up to ₹20 lakh (Credit Line 1) or ₹30 lakh (Credit Line 2)Details →Official page ↗
NMDFC Micro FinanceUnclearSmall loans to members of self-help groups, mostly minority women, through NGOs and state agencies.Details →Official page ↗

Business ideas that suit you

Sources (8)

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