Unlocking Potential of Idle Financial Assets in India (See 'Corp Brief') SARFAESI - In absence of any adjudication by the DRT in determining the debt, statutory scheme permits reliance upon claim made by secured creditor for purpose of fixing pre-deposit: HC (See 'Legal Desk') CCI okays acquisition of shares in Nxtra Data by Alpha Wave Ventures (See 'Corp Brief') CCI okays acquisition of 21% voting interest in Astemo Ltd. by Honda Motor (See 'Corp Brief') FEMA - Claims & liabilities pertaining to periods prior to approval of resolution plan, which do not survive under approved plan, are extinguished & cannot be enforced: SAFEMA (See 'Legal Desk') Special Drive launched for expeditious Disposal of Long-Pending Labour Cases (See 'Corp Brief') Amit Shah to launch NAFED's auction portal 'NAFEX.in' (See 'Corp Brief') SEBI - A judicial pronouncement cannot ordinarily be modified or reviewed through post-disposal miscellaneous application; Tribunal becomes functus officio upon disposal of appeal: SAT (See 'Legal Desk') Railways approves Kavach Deployment Worth Rs.270 Crore on East Coast (See 'Corp Brief') DIBD and AISF sign MoU to promote Language Technology and Multilingual Innovation in Assam (See 'Corp Brief') IPR - Injunction allowed as defendant's adoption of marks is not honest or bona fide; marks are deceptively similar to plaintiff's registered trademark, such that an average consumer with imperfect recollection would likely be confused: HC (See 'Legal Desk') NMDC accelerates Digitalisation and Sustainable Mining to support 100 MTPA Vision (See 'Corp Brief') Union Minister sanctions over 42,000 houses in MP; 38,000 families perform grih pravesh (See 'Corp Brief') A&C - Where a Section 34 court has already examined the award, a possible alternative interpretation of the contractual clause is insufficient to justify interference: HC (See 'Legal Desk') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT') Union Minister reviews Power Sector and Urban Development Schemes with Jharkhand Govt (See 'Corp Brief') APEDA facilitates First Export of fresh Uttarakhand Litchi to Italy (See 'Corp Brief') Trade Marks - Quasi-judicial authority cannot validly base its decision on grounds that were not specifically disclosed in SCN, thereby depriving noticee of an effective opportunity to respond: HC (See 'Legal Desk') Nadda calls for Push towards a TB-Free India (See 'Corp Brief') India must take control of security-related necessities to remain future-ready: RM (See 'Corp Brief') A&C - Financial hardship cannot justify payment of disputed amount linked to fulfilment of deliverable-based obligations: HC (See 'Legal Desk')

Print

NMDFC and DICCI join hands to empower marginalized communities through entrepreneurship

Published: Dec 09, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 09, 2024: THE National Minorities Development and Finance Corporation (NMDFC) and the Dalit Indian Chamber of Commerce and Industry (DICCI) today signed a Memorandum of Understanding (MoU) to promote entrepreneurship among marginalized communities. The ceremony took place in the esteemed presence of Kiren Rijiju, Union Cabinet Minister of Minority Affairs and Parliamentary Affairs, at the Nalanda Hall, Dr.Ambedkar International Centre, New Delhi. Dr. Chandra Shekhar Kumar, IAS, Secretary, Ministry of Minority Affairs, Padma Shree Dr. Milind Kamble, Chairman, DICCI, Dr.Abha Rani Singh, CMD, NMDFC and other senior officers were also present.

This partnership is expected to add a new dimension in the socio-economic empowerment of minorities and marginalized communities by combining the expertise and resources of NMDFC and DICCI to foster inclusive growth and self-reliance. Speaking on the occasion,Minister Kiren Rijiju emphasized, "This collaboration between NMDFC and DICCI is a significant step towards building an Atmanirbhar Bharat. By promoting entrepreneurship, we are empowering individuals to become job creators and role models, transforming lives and communities across the nation."

NMDFC, with its mandate to provide concessional finance for self-employment and income-generation activities, has transformed the lives of over 24 Lakh families  belonging to minority communities, since inception in 1994 with credit support exceeding Rs. 9,000 Cr. DICCI, renowned for its efforts in fostering entrepreneurship among marginalized groups, has been instrumental in developing business leadership and creating opportunities for sustainable growth. Through this MoU, both organizations aim to:

Create Awareness: Encourage entrepreneurship as a viable option for economic development.

Provide Credit Support: Enable entrepreneurs to establish self-employment ventures that generate employment for others.

Policy Advocacy: Facilitate sustainable business practices and ground-level implementation of policies for developmental results.

Inspire Youth: Promote entrepreneurship as a rewarding career path for aspiring individuals.

Padma Shree Dr.Milind Kamble, Chairman, DICCI expressed gratitude to   Kiren Rijiju ,Minister of Minority Affairs for his impetus to work out collaboration between NMDFC and DICCI to promote entrepreneurship amongst the marginalized communities and mentor business persons amongst them. He assured that DICCI is committed to help and nurture such individuals in collaboration with NMDFC so that they instead of seeking jobs from Government, become employers.

Dr. Chandra Shekhar Kumar, Secretary, Ministry of Minority Affairs, lauded the initiative, stating, "This partnership symbolizes the convergence of resources and vision for the betterment of society. It is not just about supporting individuals but creating an ecosystem that fosters growth and inclusion."

As part of the MoU, NMDFC will provide concessional credit to entrepreneurs identified by DICCI, enabling them to establish businesses and contribute to economic growth. The collaboration also envisions conducting awareness programs and advocating for policy reforms to ensure sustainable development.

Dr. Abha Rani Singh, CMD, NMDFC, remarked that the MoU is a step forward in our mission to empower marginalized communities. "Together with DICCI, we aim to nurture entrepreneurial talent, provide the necessary support, and inspire many more to follow this path.", she said.

The partnership between NMDFC and DICCI is expected to serve as a model for collaborative efforts in empowering the marginalized sections of society. It underscores the importance of collective action in fostering inclusive and sustainable development. The event concluded with the ceremonial signing of the MoU, symbolizing the beginning of a promising journey toward economic and social empowerment.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.