What is the name of the software launched by the National Minorities Development and Finance Corporation (NMDFC) for digitising loan accounting processes and integrating the MIS portal, including the release of mobile apps for Android and IOS?
LOAN-X (Loan Accounting Network for NMDFC)
The correct answer is LOAN-X (Loan Accounting Network for NMDFC).
The National Minorities Development and Finance Corporation (NMDFC), under the Ministry of Minority Affairs, launched LOAN-X to digitise its loan accounting processes and integrate the Management Information System (MIS) portal. The initiative also included the release of dedicated mobile applications for both Android and iOS platforms, enabling beneficiaries and State Channelising Agencies (SCAs) to access services online.
LOAN-X streamlines disbursement tracking, repayment monitoring, and reporting across all SCAs, replacing manual record-keeping with a unified digital platform. The other options - MILAN, DIGIT, and MILAP - are not official NMDFC software names.
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