The National Minorities Development & Finance Corporation (NMDFC), under the Ministry of Minority Affairs, Government of India, held the 3rd Regional Review Meeting (RRM) of FY 2026–27 for State Channelizing Agencies (SCAs) of NMDFC in the Southern Region in Vijayawada, Andhra Pradesh, on 9^th October 2026. The meeting focused on reviewing the implementation of NMDFC schemes and addressing operational issues and challenges faced by the SCAs.

The meeting was chaired by Dr. Abha Rani Singh, IRS, Chairperson; Managing Director, NMDFC, and graced by Dr. Sajith Babu D, IAS, Special Secretary, Minority Welfare Department, Government of Keralam. The meeting was attended by senior officials of NMDFC and representatives of State Channelizing Agencies in the States of Keralam, Tamil Nadu, Puducherry, partner banks, NSIC and DICCI.

Detailed presentations were made on scheme implementation, the Grant-in-Aid Scheme, social media initiatives, the Marketing Assistance Scheme and Lok Samvardhan Parv, as well as the use of Artificial Intelligence for improving outreach and operational efficiency.

With DICCI, discussions focused on facilitating expert linkages and exploring opportunities for collaboration to support and strengthen minority entrepreneurs. With NSIC, discussions focused on enhancing the marketability and market access of products of minority artisans and beneficiaries through initiatives such as onboarding on MSME Global Mart and the ONDC platform.

The best-performing SCAs based on their overall performance during FY 2025–26 were awarded. The performance assessment covered three key parameters: Equity Contribution to Earmarked Share, Repayment to Demand Raised, and Funds Drawn against Allocation for FY 2025–26. The meeting concluded with discussions on strengthening coordination between NMDFC, its State Channelizing Agencies and banking partners, with emphasis on timely resolution of operational issues, improved scheme implementation, effective fund utilisation and enhanced outreach to eligible beneficiaries.

*****

(Release ID: 2321488) Visitor Counter : 92