Vishesh Microfinance Yojana (VMY) For Disabled Persons PDF

PDF Name	Vishesh Microfinance Yojana (VMY) For Disabled Persons
No. of Pages	3
PDF Size	0.22 MB
Language	English
Tags	Sarkari Yojana
PDF Category	Government
Source / Credits	nhfdc.nic.in
Uploaded By	Pradeep

Vishesh Microfinance Yojana (VMY) For Disabled Persons - Summary

Vishesh Microfinance Yojana (VMY) for Disabled Persons aims to empower individuals with disabilities by providing them with easy access to finance. NHFDC (National Handicapped Finance and Development Corporation) has been actively financing income-generating schemes that help disabled persons enhance their socio-economic status through State Channelizing Agencies (SCAs). This initiative is crucial in supporting the financial needs of disabled individuals, helping them build a better future.

Expanding Financial Outreach

To improve outreach and assistance, NHFDC has signed Memorandum of Agreements (MoAs) with various financial institutions, including Public Sector Banks (PSBs), Regional Rural Banks (RRBs), and other organizations. This collaboration allows for a wider distribution of funds, ensuring that more disabled persons can benefit from the support available to them.

Accessible and Affordable Financing

The Vishesh Microfinance Yojana is designed to provide prompt and need-based finance for disabled individuals undertaking small or micro businesses. The program offers funds at reasonable interest rates through partnerships with NBFC-MFIs, Section-8 MFIs, NGO-MFIs, SHG Federations, and state government missions. This support enables disabled persons to pursue their entrepreneurial dreams and engage in various developmental activities.

Overall, VMY serves as a significant step toward improving the livelihood of disabled persons in India, ensuring that they have the resources needed to thrive in their communities.

For more detailed information, you can download the PDF containing all details about the Vishesh Microfinance Yojana.

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