DRI seizes around 55,000 e-cigarettes worth more than Rs. 13.5 crore (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - CIRP merits being ordered in respect of an applicant when there is no reason to deny admission once the statutory requirements for initiation of CIRP by the Corporate Applicant, are satisfied: NCLT (See 'Legal Desk') Scientists engage with farmers in Delhi's rural areas under 'Khet Bachao Abhiyan' (See 'Corp Brief') Yadav calls for translating Global Biodiversity Commitments into Effective Implementation (See 'Corp Brief') Competition Act, 2002 - Allegations of anti-competitive agreements or of abuse of dominant position are tenable where no cogent evidence is furnished to bolster the allegations raised: CCI (See 'Legal Desk') Energy Technology Meet inaugurated in Goa, Highlights India's Energy Security Priorities (See 'Corp Brief') Discussions must lead to practical actions that cities can adopt: MoS (See 'Corp Brief') CARA organises Regional Consultative Workshop to expand Adoption of Children with Special Needs (See 'Corp Brief') ICAR-MGIFRI promotes Soil Health, Balanced Fertilisation and Sustainable Orchard Management (See 'Corp Brief') IPR - If well-known pharmaceutical mark with established goodwill & continuous use is sought to be diluted by subsequent user adopting coined expression sharing dominant prefix, case calls for interim injunction: HC (See 'Legal Desk') Bhupender Yadav emphasizes importance of Science-based Biodiversity Governance (See 'Corp Brief') PM Vishwakarma Artisans showcase Traditional Crafts at BRICS Cultural Bazar (See 'Corp Brief') Industrial Settlements benefit Over 10,900 Bihar Gramin Bank Employees (See 'Corp Brief') Startup Credit Guarantees reach Rs 1,662 Crore (See 'Corp Brief') IPR - Converting passing off action into infringement claim post-registration does not change basic structure of suit: HC (See 'Legal Desk') Nadda leads Integrity Pledge Ceremony at Ministry of Health and Family Welfare (See 'Corp Brief') RM calls for 'Aatmanirbharta 2.0', next leap in defence self-reliance, at SWAVLAMBAN 2026 (See 'Corp Brief') IBC - Admission u/s 7 IBC requires summary finding of debt & default above statutory threshold, and not exact reconciliation or forensic reconciliation of accounts: SC (See 'Legal Desk') MoRTH to organise 'Transport Mela' under PARIVARTAN Scheme in Delhi-NCR (See 'Corp Brief') NCB launches 'Operation Trident', with 38 teams striking 38 locations (See 'Corp Brief') NIFTEM-K hosts India's First AI × Food Tech Hackathon, 'Hack the Fork' (See 'Corp Brief') Misc - Administrator could neither assume RBI's write-down power at point of non-viability nor exercise it after reconstruction scheme took effect: SC (See 'Legal Desk') GeM promotes 'The AABHAR Collection' to showcase India's Cultural Heritage (See 'Corp Brief') National Conclave 2026: Technical sessions outline reforms for future-ready cities (See 'Corp Brief') PM's appeal has given a new identity to Khadi: KVIC Chairman (See 'Corp Brief') SARFAESI - Secured creditor stepping into shoes of borrower/lessee cannot claim rights superior to those of original lessee: HC (See 'Legal Desk') Three-day event 'India Chem-2026' concludes in Mumbai (See 'Corp Brief') Agricultural Biological Resources generate ABS Benefits for Biodiversity (See 'Corp Brief') BHASHINI Division showcases Multilingual AI Solutions for Accessible Research at IIT Delhi (See 'Corp Brief') Capital Market - Sec 12A of Commercial Courts Act is mandatory and strict condition precedent for maintaining commercial suit where no urgent interim relief is contemplated: HC (See 'Legal Desk') Fisheries Investors & Exporters Conclave 2026 to boost Investment and Exports from Inland Fisheries (See 'Corp Brief') India's First Maritime NBFC SMFCL scales up with Rs 5,107 Crs disbursed (See 'Corp Brief') India advances Agrivoltaics Cooperation for Global South (See 'Corp Brief') RTI - Information regarding public orders & ongoing court proceedings is already accessible in public domain - falls outside disclosure obligations of public authority under statute: SEBI (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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