Aims & Objective of BSMFC

AIMS AND OBJECTIVES OF BSMFC

The Bihar State Minorities Financial Corporation Ltd. was incorporated as a Govt. Company on 23/03/1984 under Companies Act. 1956.      

The Corporation has been set up with the objective for upliftment  of economic and social status of the minority communities. The Muslims, Christians, Sikhs, Buddhists and Parsis have been notified as minorities by the Central Government under the National Minorities Commission Act, 1992. 

Share Capital of Bihar State Minorities Financial Corporation 

Bihar State Minorities Financial Corporation was incorporated with initial Authorised share capital of Rs. 10.00 crores. Subsequently, the Authorised share capital has been enhanced to Rs.40.00 crores. Against which, the paid up share capital of the company is Rs. 3178.92 lakhs as on 31/03/2011.

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