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West Bengal Minorities Development Finanace Corporation (WBMDFC) was established in 1996 as per West Bengal Act XVIII of 1995, ie The West Bengal Minorities Development and Finance Corporation Act, 1995. The functions of the Corporation are to take generally the task of economic welfare of the minorities through Industrial, Commercial and Cultural activities. The minority communities are Muslims, Sikh,Christian, Buddhist and parsee as per notification of Govt. of India. The Govt. of West Bengal has also notified Jain Community as a Minority Community but as this community is not on the Central government List, it can avail benefits of only those schemes which are undertaken out of the fund granted by the State Government.

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