For the upliftment of minority communities viz. Muslims, Christians, Sikhs, Buddhists and Parsisboth socially and economically, The AP State Minorities Finance Corporation Limited was incorporated under the Companies Act, 1956 in the year 1985. The state government of Andhra Pradesh and National Minority Development and Finance Corporation provide funds to APSMFC to carry on the activities.
HOW TO APPLY:
- a) All Minority applicants who want to avail financial assistance shall apply through the online beneficiary monitoring system.
- b) After registration of application through (OBMMS) the application should obtain Hard copy.
- c) The Hard copy of application should be submitted to the MPDO/ Municipal Commissioner (Municipality) /Zonal Commissioner (in case of Municipal Corporation) along with the following Enclosures.
- Income Certificate issued by Tahasildar.
- Photo stat copy of Ration Card.
III. Photo stat copy of Adhar Card.
- One Pass port size photo.
- In case of widows produce death certificate of spouse, Divorcees: divorce certificate; destitute & orphans: notarised affidavit; physically challenged: disability Certificate issued by competent authority and victims of atrocities:certificate from the Tahasildar.
- The total targeted beneficiaries for the districts shall be sub divided among Mandals/ municipalities in proportion to the Minorities population of the respective Mandals/ Municipalities of the districts.
- The selection of beneficiaries shall be done at the Mandal/ Municipality level by a screening-cum-selection committee.
- The composition of the screening-cum-selection committee shall be as follows:
- Nodal Officer from the Welfare Finance Corporations nominated by the District Collector.
- Managers of all participating Banks in the Scheme of the Mandal.
- Representative from DRDA/DOW
- MPDO/Municipal Commissioner (Municipality) /Zonal Commissioner (in case of Municipal Corporation) –Convener.
- On receipt of lists from all Mandals, the E.D, APSM FC. Will place before District level committee for approval