Maulana Azad Minorities Finance & Development Corporation comes up with loan schemes




By TwoCircles.net staff reporter,

Mumbai: Now the lower income groups among the minorities need not worry about getting a loan for education or business as the Maulana Azad Minorities Financial Development Corporation (MAMFDC) has got huge funds for the purpose.

MAMFDC is a channelizing agency of National Minorities Development & Finance Corporation, a Government of India undertaking. It implements schemes of National Minorities Development & Finance Corporation in Maharashtra. MAMFDC has got Rs 40 crore besides a 100 crores corpus available for disbursement in various schemes for the needy. This was revealed by officials from MAMFDC at a workshop organized by the Bombay Catholic Sabha on 7th May, said a statement issued Sabha.

MAMFDC was constituted to meet the financial requirements and social uplift of financially backward classes amongst the minorities.

Amin Patel, Chairman of MAMFDC, pointed out that there was lack of awareness about these schemes. The beneficiaries among the Christian Community were minuscule. Even a large percentage of Central Scholarships were returned for lack of any takers. Loans amounting to Rs. 10 crore were distributed by the Corporation in the last five months, says Patel.

Speaking at the workshop, Janet D'Souza, state director of MAMFDC said that micro
finance was available for Self Help Groups (SHG) and Mahila Mandals. Eight to ten women could come together, show a commitment of saving a small amount monthly in a bank, make a plan of starting a small cottage industry and then apply for the loan from MAMFDC. This informal loan scheme would benefit the poorest of the poor, says Janet.

Giving details of the loan schemes, Gaffar Shaikh, Managing Director of MAMFDC, said under Direct Loan Scheme, Rs. 5000 to Rs. 50,000 can be granted as loan wherein Self Contribution will be 5% of the amount sanctioned and interest rate will be 6%. The repayment period for that scheme will be five years. Other schemes include Term Loan Scheme, Seed Capital Loan Scheme, Educational Loan Scheme and Mahila Samrudhi Scheme.

The application forms are available at MAMFDC, 2nd flr., DD Bldg., Old Customs House, Shahid Bhagat Singh Rd., Mumbai 400023. Telephone Nos. are 022-22653080, 22633351, Fax 22672294. One can contact them through emails also: contact@mavm.in, shaikhg@hotmail.com.

Comments

information

i'm a sikh and a minority i'm frm aurangabad maharashtra hw can i avail the scheme.

Due to egucation loan

I am doing MBA in solapur city i had application for egucation loan.still i didn't get any loan.my family background is very poor.
please conform me my loan will be passed or not.

With interst LOAN is haram

RIYAZ ,
Dont take loan.It is not allowed in Islam.Instead of doing full time MBA GO FOR PART TIME JOB AND MBA.
As for Riba (interest on money), it is the basis of all financial transactions in secular economies. On the contrary, Allah says (s.2 A. 278): "O you who believe, fear Allah and leave what comes from Riba if you are believers. If you do not do so, then wait for a war from Allah and His Messenger."

bhai kisi ko fatway ki zaroorat nahi hai

pls..... kisi ko on line fatwa na do jaa kar sidhay say baat karo maan gaya thik hai nahi to tum koi aalim fazil to nahi ho naa bhai
thik hai naa .
chalo allah hafiz

Taking/giving Interest is forbidden in islam.

Sajid bhai,
I would like to explain that taking/giving interest is Haraam in islam.
To inform your brother about even one Ayah(verse)of Quran is the duty recommended by Prophet(saas)to every muslim.If you need money you should search a interest free loan otherwise be patient,because none can succeed
by waging a war against Allah and Prophet(saas).

How about interest on GPF?

Dear Salafi Sahab,

Firstly pls do not misunderstand me for asking this question, my motive is only to understand the Ayah you explained in better sence. You explained that taking/giving interest is Haraam in islam according to verse of Holy Quran so what about all those Govt (Muslim) employees who contribute to General Provident Fund and in return get interst added to their deposits till their retirement?. I hope almost all the literate and well to do Muslims may be having savings accounts in banks and they too might be getting a minimum of 4 to 6% interest on their savings will it also be considered Haraam by Allah. The world has already been trapped very badly into loan based economics, people are being offered two wheelers, four wheelers and personal loans by banks as well as private financiers which attracts and in a way helps the consumer to get his dreams fulfilled. Salafi sahab I have very recently availed Home Loan from SBI and I am dam sure that with the salary I am getting and the commitments I have I could never have constructed my house without opting for a loan. I hope what is said in Holy Quran as Haram is in reference with the society (of around 1400 years back) where people used to lend money and keep the borrower as their slave in case of he failing to repay the loan. But when the finacing process has been Institutionalized with strict rules and regulations I feel it should not be considered as a Haraam to get financial help in the form of loans from any bank are registered financial institution.

Indian x/GPF/Salafi

Dear IndianX brother,
Islam is a complete and comprehensive way of life till the day of judgement.If something is forced on us then Allah will forgive us.Muslims are supposed to follow strictly all the commandments of Islam with all the strength they have.
In govt.employees provident fund case one can calculate the amount of interest paid and abandon this amount for personal use.
As far as taking loan with interest volantarily is considered there is no doubt that it is prohibited.Islam discourages this evil system and expects society to help each other without exploiting the needy people.We all know what mayhem interset based economy has done to majority of the population worldwide.By taking loan with interest one may apear to be successful in completing a accomplishment,but it may not benefit him as one expects.Whats is the use of newly constructed house if the owner is not able to extract the desired benefits.Since taking/givig interest expolits the poor and needy people Allah doesnot like anyone to be a part of this evil system.Allah and prophet(saas)have declared a war on such people.No one can fight with Allah and be successful in this world and hereafter.
If your intention is to avoid loan with interest then Allah will provide you with the means to establish you and your family in this world inshallah.Be patient and pray sicerely,follow all the commandments of Islam,surey you will be successful.Jazakallah

scholarship for children

please let me know about the scholarship to the children below class V.

children loan

plez give me loan

Educational loan.

Assalam-alai-kum,
I wanted to do my MBA and for that i require better finance option, hence request you to please grant me loan for education.

no response

what is your website address, because www.mavm.in this web page is not opening, its not a proper web site. i want to know is there any deadline to avail loans under the Maulana Azad Minorities Finance & Development Corporation, and where we can submit the forms, please let me know.

thanks & regards

salim

riyaz bhai kay fatway kay taaluq say

riyaz bhai every one know that loan with interest is haram in isalm .okay we (poor people) know want to well established in our life but no one give us loan with out interest. can you give your help financialy to all muslim(which is called ummah) loan without interest. if YES than congrrats for the same if not than please keep queit and have coke . there are lots of aalim and fazil in every mohalla and street in our country .

we (poor indian muslim) do not want any fatwa and suggestion from any rich person(jis ki bhar gai ho).

on behalf of poor muslims and poor people
sajidsk112@rediffmail.com

to do complaint for not getting responce

DEAR SIR,
SALAM I AM MUKHTAR AHMED KHAN WANT TO AWARE U FOR U R NOT RESPONDING DEPARTMENT.
SIR I HAD MADE A REQUEST FOR LONE FIVE MONTH BACK.ALL THE LEAGLE VERIFICATION HAS DON BUT STILL I DIN'T GET A LONE. ALSO I HAD SUBMIT A CHEQUE BOOK.FINALLY I COME TO NOW DUE TO SOME POLITICAL RESION IT BECOMING DELAYED.MR ROHIT A STAFF OF MAVM I MUST SAY SIR HE WAS A MAKING A DISUSE OF HIS POST.BECAUSE A LADY HAS SUBMIT A FORM AFTER ME SHE GOT A LOAN ONLY BECAUSE SHE WAS IN TOUCH WITH HIM,WITHIN ONE MONTH SHE GET LOAN.AND ALSO MR.ROHIT SUPPOSE TO DO CALL FOR WHATEVER NEED HE WANT FROM US BUR HE DIN'T DID.I COME TO NOW FOR THAT LADY MR.ROHIT PERSONALLY MAKING A CALL AND FILLING HAR FORM
AND ALSO MR.ROHIT NOW VERY WELL SHE WAS ABELE TO GET THIS LOAN.THEN ALSO MR.ROHIT MADE IT POSSIBLE.SIR I CAN PROOF THIS IF U NEED TO MAKE IT CLEAR U CAN CONTACT ME DIRECTLY VIA MAIL OR ON MY CELL PHONE:-09221952544
PLEASE TAKE A SERIOUS ACTION SIR
MUKHTAR.
KHUDA HAFIZ

getting delay in loan..................

Respected sir i master SAYED MOHAMMED ALI had applied for a loan since last 3 months but due to some or the other reasons ur members r rejecting my loan request.I had applyed for this loan of Rs 48000 for doing a course of HARDWARE,NETWORKING & SECURITY SYSTEMS MNGMT from IACM institute.But after submitting all the necessary documents now they are saying that the institute is a private one. Even if the institute is private but it is well recognised.
And now sir i m already sitting in the class from last 2 months but now they r asking me about the money & given me the ultimatum that unless u submit the necessary amount we will not let u sit for the EXAMS so i humbly request u to look in to the matter & pass my loan so that i can sit for the coming exams plzzzzzzz pass the loan sir as i m in badly need of it....
Thanking you in anticipation,
Your's sincerely,
SAYED MOHAMMED ALI.

about loan

what is the last date of submitting form.
after how many days loan will be given to me.
where should i submit the form.

thanks

No RESPONCE

what is your website address, because www.mavm.in this web page is not opening, its not a proper web site. i want to know is there any deadline to avail loans under the Maulana Azad Minorities Finance & Development Corporation, and where we can submit the forms, please let me know.

thanks & regards
Abdul Aziz, Parbhani

how i get loan for buisness

R\s
i m yashpal come in sikh religion i want to knw were i get proposal n forn n all informaton about small buisness loan of "PM 15 sutiryea yogna"..
pls send me details n bank name .

wait for ur kindly reply

thnx
yashpal m saluja

education loan

Assalamwalaikum
respected sir I am student of medical and I heard about ur minorities that specially give financial support to muslim student in their higher education so I kindely request you to grant me a loan of 400000 for my MBBS studies.please give the response as far as possible.

YOUR FAITHFULLY
ANSARI AAFREEN

Educational loan

respected sir I am student of bca and I heard about ur minorities that specially give financial support to muslim student in their higher education so I kindely request you to grant me a loan of 45000 for my BCA studies.please give the response as far as possible.

YOUR FAITHFULLY
shaikh aamer

Investment in Share Market

Assalam alaikum to All Dear Muslim Brothers and Sisters.

I am totally confused about investing in share market.I always prefer this is investment as contribution to the company thru purchasing shares and like it if get the contribution of company's profit thru bonus or Dividend.So my confusion is whther it is haram or Halal in investing share market for long term prospective.Please help me out. I Don't prefer Future and options as my common sense tell it is one kind of Jack hence i prefer F & O as haram.But Trading for long term should be considered what???

Please Explain it with example.

about feedback

how did i get my poposals recent position or progress through internet about the Maulana azad loan?

Still not received my Sanctioned Loan cheque

Respected Sir. I am Nikhil Chordia from Nasik and pursuing MCA(Management) from Pune. I have Applied for an Education Loan in Maulana Azad on 23rd March 2009. My Loan got sanctioned on 24th August 2009. Now its been 9 months I have not received my cheque and its been 1 and half year I have applied for a Loan. I have been to your pune's and Mumbai's office many times but didn't got any positive replies.
I kindly request you to please give me my cheque amount as soon as possible as this is the matter of my education and carrier.
Waiting anxiously for your positive reply. Please reply to my querry Sir.

for loan

dear sir,
i am shabbir pathan in mira raod so i want loan maulana azad minorities loan schemes
so plz....help me.

pending loan file

my name is manoj sahuji residense in aurangabad.submeet the loan file (mudat karja yojna)no.4140.date.02/03/09.please send loan states.

0

regarding loan pending

sir.
iam manoj sahuji reside in aurangabad.i have submitted my loan file(mudet karja yojna)no.4140 on dt.02/03/2009.in aurangabad.but dident get any responce.please let me know the status.mob.no.9325674449

still not get the sanctioned loan cheques

Respected Sir. I am Shaikh Imran Irfan from Aurangabad and pursuing Diploma in Computer engineering from PES Polytechnic aurangabad. I have Applied for an Education Loan in Maulana Azad on 30 December 2010. My Loan got sanctioned on 23 February 2011. Now its been 4 months I have not received my cheque and its been 6 months I have applied for a Loan. I have been to your Mumbai's office many times but didn't got any positive replies.
I kindly request you to please give me my cheque amount as soon as possible as this is the matter of my education and carrier.
Waiting anxiously for your positive reply. Please reply to my querry Sir.
-
sir please reply me to this ID shaikh.imranirfan@gmail.com
or
call me to this number-7276726253 or to my father-9766184959 i am waiting for your reply please reply me sir
Thank you
Your faithfully
shaikh imran irfan

small skill lone.

i want to start small workshop lone. plz anyone direct me

application for personal loan

sir, I am sayyed yaseen rehamatullah, having a small xerox shop at vikhroli, sir now i have 3 daughters studying in 9th, 7th and 3rd respectively. now the situation is that i cannot fulfill my daughter demand for studying and other basic necessities. so i want a personal loan so to extend the business by putting a good xerox machine so I can not more than, but will live a good life.
pls call me on - 8080905091
thanking you
yours faithfully

Respected sir, I am Sameer

Respected sir, I am Sameer Shiakh from Beed city.. I am computer hardware and networking diploma holder...i am working on computer shop in my city..my condition is week to start self business..i was better in education hence my parent helped in my education by loans but now i am not in position to study ahead..hence i am working to earn some money to help family and study ahead...besides having skills i am not been able to start my own business due to money..i was happy that this foundation helps the weaker sections but after visiting to office again and again i was nothing in hand but said loan budget in not now come after 4-6 months etc...
Sir i am in much need if by this comment i will be able to get loan..it will help me to make my future..pls convey my thoughts...Allah Hafiz...

Respected sir i am student of

Respected sir i am student of first year engg . i want to apply for education loan . so it is neccessery to have incom certificate from tahsildar if payment slip available

Funds for exports of Handloom Rugs

i have been in manufacturing and exports of Hand made rugs and fundings from
your funds. I assure and guarantee refunds. Being belonging to Minority
I should be granted funds, so I excell in promoting manufacturing and exports of
poor artisans handmade rugs. Please note Banks are of no use for me.
Please contact - 09702323234

application for personal loan for starting small business

resp sir, i just wanted to apply for a small loan for starting my own small business, how can i apply and what is the procedure to go for it with out paying anyone .

For Loan

Respected Sir, I am Shahnoor Shaikh,From Samsherpur Tal Akloe Dist Ahmaednagar, a small farmer , I want loan from your estmmed organization. So please give me the detail procdure of this , so I can do easily , My contact detail is : 09960914150. Thanks With warm Regards

Sir iam from middle class

Sir iam from middle class wanted loan for small size business

Procedure for loan

Dear Sir,
Assalamvalekum
i jasim khan staying in malad(w)& Also Working with TL Position in one of the Recruiting firm.my Salary is 13500/-Pm NetTake home .
My purpose of writting is that I looking for loan of rs 20000/-
Because i have some cedit of my relative and they force of this thing to pay on early basis.now my situation is not sufficient so i think if you support me on this time so its very greatful for me .
Kindly do the needful .
your faitfully
jasim khan
8828324332

Apply for personal business loan

Assalamu alaikum dear team,
I am mohamed ibrahim from tamilnadu. I have need a loan to start a internet browsing center with xerox, job typing, spyral binding, printing, scanning,etc..,i am expecting your valuable help..Please do the needful..My contact no. is:09543514300

Information regarding to loan procedure.

Assalamalaikum,
Dear sir/madam,
I myself Javed Shaikh residing solapur want to know the loan procedure from under minority scheme from moulana Azad minority funds corporation.As I want to open a net cafe in my residing area.So please guide me for that & also tell me to whom to meet for that in our city.And at what extent the amount of loan is grantable.Please guide me for that.
Khuda Hafiz.

home loan

Assalamalaikum,
Dear sir/madam,
I myself samad abbas dalwai residing chiplun (ratnagiri) want to know the loan procedure from under minority scheme from moulana Azad minority funds corporation.As I want to buy house .So please guide me for that & also tell me to whom to meet for that in our city.And at what extent the amount of loan is grantable.Please guide me for that.
Khuda Hafiz.

Loan for establishing small business by educated unemployed

For a very long time that is 2007 onwards the sanctioning of loan for establishing small business or enterpreneurship by educated unemployed youths belonging to minority community is stopped.

Those youngsters who have not enough qualified to search jobs or have their own business due to shortage of funds, are lagging behind and their economic condition is deteriorating day by day. In order to provide them a helping hand, the Corporations floated by Maharashtra Government should commence its loan providing schemes for educated unemployed and hence their fund allocation should be increased to 500 crores annually.
Due to inflation and financial crisis now a days it becomes very difficult for youngsters to survive and they are lucrative to social crime in order to have quick money.

May I request the Chairman / Managing Director/ Head of Minority Department/ Minority Commission and above all the Minority Department under the supervisory control of Hon'ble CM should look into this aspect careful to immediately make available sufficient and make well skilled officials on such corporation - so that the need of the hour should be fulfilled otherwise government well planned schemes remain on paper and do not reach to common people or to the segment of our society.

It is also observed that the education loan being provided by the Corporation also reaches to the beneficiaries very late. Two Karad Taluka (Satara District) Engineering students who are not receiving their loan cheques in time, even after submission, they are waiting to release of cheques till February or March that is end of academic year. This put the beneficiaries in jeopardy to face late payment confusion hanging over them. All the students seeking loans must get their cheques atleast before their first Semesters are cleared by the Colleges in which they are studying.

A.R.S. Mulla 9820400213 (A citizen from Minority community)

alpsankhayak lone

i m deepak come in jain religion i want to knw were i get proposal n forn n all informaton about small buisness loan of "alpsankhayk yojna"..
pls send me details n n where i will apply

Enquiry for Various Loan Schemes for Minority

Dear Sir/Madam,
Kindly give the details for Various loan Schemes from Government for Minorities development ....and to what extent it could get approved and subsidy on that ....

Thanks and Regards.

need a personal loan

as salam walakum dear sir/madam i want the personal loan of RS 1,00,000 to start the bussines in bangalore i am in very needfull plz help me thank u

persnol loan for medical shop

Hello sir/madam
how to apply persnol loan in maulana azad loan for minority cotta. Do some thing about me
my contact.no.8421622236
pls help me.

kindly forward necessary application form for availing loan .

from hussain.shaikh@kotakeducationfoundation.com
kindly furnish me application form and address of office in mumbai .as l intend to start business of poultry farm on 23 acres of land at lonavala.any body interest in helping and assisting do call at my no 9768475541

as salam walakum dear

as salam walakum dear sir/madam i want the personal loan of RS 1,00,000 to start the bussines in bangalore i am in very needfull plz help me thank u contact me 9845461584

to know about government schemes

to know about government schemes please visit : www.madadgaar.in, thank you

want loan

assalamu alaikum,i want RS 5 lahks for micro-busuness and clear my debts.please help me.

loan for higher studies

sir/madam i m a muslim boy stdying in hsc mumbai wolud like to opt for loan ffrom ur side because my father passed away i want to pursue mbbs in india kindly let me know weather i will get loan or not my family income is 2.lakh per year which comprises of my elder brother and my mother

Halal Loan

Dear sir
I m rashid jamal from Mumbai. There r need some mony for start a business, I can got mony on intrest (sood)from other way but its rong can u help my business with islamic way. I can show my business project
Thanks and regard
Rashid jamal
9987344454

education loan

education loan

Assalamwalaikum
respected sir I am student of BBA 3rd passed and I heard about ur minorities that specially give financial support to muslim student in their higher education so I kindely request you to grant me a loan of 400000 for my MBA studies in puna.please give the response as far as possible.

YOUR FAITHFULLY
shaikh shahid

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