Under which union ministry the National Handicapped Finance and Development Corporation (NHFDC) works?
[B] Ministry of Finance
[C] Ministry of Home Affairs
[D] Ministry of Women and Child Development
The National Handicapped Finance and Development Corporation (NHFDC) was set up in January 1997 as a non-profit company under Union ministry of Social Justice and Empowerment. The corporation provides financial assistance for wide range of income generating activities to disabled persons. Recently, the Jammu and Kashmir government has launched a scheme for disabled soldiers and their dependents in collaboration with the NHFDC. As per scheme, the disabled soldiers or dependent relatives of such soldiers, who are permanent residents of the state, having disability of 40% and above can avail maximum loan of Rs 25 lakh with 4-7% rate of interest per annum.