Welcome to Tripura Minority Co-Operaive Development Corporation Ltd
Tripura minority co-operative Development Ltd. Constituted as per guideline of the Govt. of India under the control of namely National Minorities Development & Finance Corporation, New Delhi. The Tripura Minorities Co-Operative Development Corporation Ltd was registered under Co-Operative Societies Act & Rules 1974 & 1976 under Registration on 1974 & 1976.
The corporation started functioning with a view to provide loan concessional rate of interest maximum @6% simple to the weaker section of Minorities people within the State for any bankable schemes minimum Rs. 50,000/- maximum could be sanctioned as per Board decision.
The initial terms & condition for taking refinance National Minorities Development & Finance Corporation (NMDFC) is furnish the adequate state Govt. guarantee first. Then they may release the fund on condition to repay them in quarterly basis 32 installments. The Corporation also interne re-lending to the Minorities loanee on the basis of terms condition that they are to repay the loan in monthly installment basis in 58 installments for entire loan along with interest.
The Authorized Share capital Rs. 50.00 cores.
The working capital based on share capital depend on contribution yearly from the State Govt. time to time which is at present paid up share capital of Rs. 246.95 Lakhs.
The policy etc. for implementing the schemes vested with the Board of Directors consisting 11 nos. Managing Committee. Out of that 8 members to be elected from the General Share holder members & rest 3 members are to be nominated by the State Govt.
The corporation so far provided loan to Minorities people up to 31-03-2014 to (1970 nos Term loan) & (135 nos Education loan) of the total laon amounting to Rs. 1930.39 lakhs.