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NMDFC and DICCI signed an MoU to promote entrepreneurship among marginalized communities.

MOUs and Agreement | Dated: 14 Dec 2024

The National Minorities Development and Finance Corporation (NMDFC) and the Dalit Indian Chamber of Commerce and Industry (DICCI) signed a Memorandum of Understanding (MoU) to promote entrepreneurship among marginalized communities. The collaboration, endorsed by Union Minister Shri Kiren Rijiju, aims to foster inclusive growth and self-reliance by providing concessional credit and support for self-employment ventures. This initiative is seen as a significant step towards building an Atmanirbhar Bharat (self-reliant India).

🎯 Key Highlights:

  • - The partnership aims to foster inclusive growth and self-reliance.
  • - NMDFC has supported over 24 lakh families with credit exceeding ₹9,000 crore since 1994.
  • - The MoU signing event symbolizes the beginning of a journey toward economic and social empowerment.

💡 Other Important Facts:

  • (ii) The collaboration will provide concessional credit and support for self-employment ventures.
  • (iii) The initiative aims to create awareness, provide credit support, advocate for policies, and inspire youth.
  • (iv) The partnership is expected to serve as a model for collaborative efforts in empowering marginalized communities.

📚 Test Your Knowledge:

What is the primary goal of the MoU signed between NMDFC and DICCI?

Correct Answer: To promote entrepreneurship among marginalized communities

🚀 Quick Recap: