'POVERTY TO SELF-RELIANCE'
Establishment of the Corporation
The population of religious minorities as per 2011 Census is about 96,00,475 which forms 15.92% of the total population of Karnataka. People belonging to Muslim, Christian, Buddhist, Jain, Sikh and Parsi communities come under religious minorities. It was observed that majority of the minority community was reeling below the poverty line and their economic and social status is symathetic and in order to help in the development of minority community in their economic and social status, the task was entrusted to the then Karnataka Backward Classes Development Corporation.
Karnataka Backward Classes Development Corporation (renamed as D.DevarajUrs Backward Classes Development Corporation) had been extending loan facilities to religious minorities.. During the tenure of Late Sri Ramakrishna Hegde, the then Hon’ble Chief Minister of Karnataka, it was observed that the development schemes implemented through KBCDC had not significantly impacted on the minority community and with the concern of development of minority community by improving their status socially and economically and to bring them into the main stream along with other development communities under the leadership of Late Ramakrishna Hegde, the then Hon’ble Chief Minister of Karnataka, the Government of Karnataka has established a separate Corporation viz. Karnataka Minorities Development Corporation on 07.02.1086 with an objective of improving the status of minority community socially, educationally and economically.
Objective of the Organisation:
The main objective of the Corporation is to extend loan facility to the poorest of the poor among minorities so as to enable them to become self-reliant and also to provide social justice, infrastructure, education and employment.
Structure of the Organisation:
Karnataka Minorities Development Corporation is a Government of Karnataka Undertaking Corporation and established under the Companies Act 1956. As on today, the authorised share capital of the Corporation is Rs.600.00 Crores. The Corporation is now functioning under the supervision of Minorities Welfare Department of the Government of Karnataka. The Registered Office of the Corporation is based at Bangalore and it has its District Offices in all District Headquarters of the State. The Chairman of the Board of Directors is the executive head and the Managing Director is the administrative head. The Corporation is entrusted with the job of development of minority’s status socially, educationally and economically through the Government sponsored Schemes which are implemented through its District Offices located at all District Headquarters of Karnataka.