The National Backward Classes Finance & Development Corporation (NBCFDC):
1) National Backward Classes
Finance & Development Corporation (NBCFDC) is a Govt. of India Undertaking
under the aegis of Ministry of Social Justice and Empowerment. The Corporation
was incorporated under Section 25 of the Companies Act 1956 on 13th January
1992.
2)
3) The objective of the Corporation is to
promote economic and developmental activities for the benefit of Backward
Classes and to assist the poorer section of these classes in skill development
and self-employment ventures.
4)
5) NBCFDC provides financial assistance
through State Channelizing Agencies (SCAs) nominated by the State
Governments/UTs and Banks (PSBs & RRBs).
The
National Scheduled Castes Finance & Development Corporation (NSFDC):
Incorporation
NSFDC was setup by the Government of India on February 08, 1989 with the
name National Scheduled Castes and Scheduled Tribes Finance and Development
Corporation (NSCSTFDC). It was incorporated as a fully owned Government of
India Company under Section 8 of the Companies Act, 2013 (Previously Section 25
of the Companies Act, 1956).
Bifurcation
Consequent upon the orders of the Government of India declaring bifurcation of
the erstwhile NSCSTFDC into two separate corporations (one each for SCs &
STs), the existing NSFDC is now functioning exclusively for the development of
the Scheduled Castes w.e.f. 10.04.2001.
It has been assigned the task for financing, facilitating and mobilizing funds
for the economic empowerment of persons having annual family income up to Rs.
3.00 lakh for both rural and urban areas. It provides financial assistance for
income generating schemes for the target group through State Channelising
Agencies (SCAs) which are nominated by respective State/UT Government and other
Channel Partners such as Public Sector Banks, Regional Rural Banks, NBFC-MFIs,
JHARCRAFT, NEDFi etc.
This is managed by a Board of Directors with representation from Central
Government, State Scheduled Castes Development Corporations, Financial
Institutions and non-official members representing Scheduled Castes.
Vision
To
be the leading catalyst in systematic reduction of poverty through
socio-economic development of eligible Scheduled Castes, working in an
efficient, responsive and collaborative manner with channelizing agencies and
other development partners.
Mission
Promote
prosperity among Scheduled Castes by improving flow of financial assistance and
through skill development & other innovative initiatives.
Objectives
·
Identification
of trades & other economic activities of importance to Scheduled Castes
population.
·
Upgradation
of skills & processes used by persons belonging to Scheduled Castes.
·
Promotion
of small, cottage & village industries.
·
Financing
of pilot programmes for upliftment and economic welfare of persons belonging to
Scheduled Castes.
·
Improvement
in flow of financial assistance to persons belonging to Scheduled Castes for
their economic well-being.
·
Assistance
to target group in setting up their projects by way of project preparation,
training and financial assistance.
·
Extending
loans to eligible students belonging to Scheduled Castes for pursuing full time
professional and technical courses in India and abroad.
·
Extending
loans to eligible youth to enhance their skill & employability by pursuing
vocational education & training courses in India.
In
pursuance of above objects, your NSFDC is engaged in providing financial
assistance at concessional interest rates under various credit schemes to
beneficiaries belonging to Scheduled Castes, through the State/UT Channelizing
Agencies and other channel partners and is also extending various non-credit
schemes to support the target groups.
The National Safaikaramcharis
Finance & Development Corporation (NSKFDC):
“National Safai
Karamchris Finance & Development Corporation”(NSKFDC), an Apex Corporation was set up for the socio economic
development of Safai Karamcharis/Scavengers and their dependants
through its various schemes.
NSKFDC
was incorporated on 24th January, 1997 under Section 25 of the Companies
Act as a ‘Not For Profit’ Organization. NSKFDC is a wholly owned
Government Undertaking under the aegis of Ministry of Social Justice &
Empowerment. NSKFDC commenced its operations in October,1997. The Company
has an authorized capital of Rs. 710 crores and paid-up capital of Rs 641
crores as on date.
The primary objective of NSKFDC is to eradicate terrible inhumane and evil
practice of Manual Scavenging and to strengthen socio-economic development of
Safai Karamcharis/Scavengers and their dependents by providing financial
assistance in the form of various Loan Schemes and Training Programmes for
upgrading their skills through State Channelising Agencies (SCAs)
nominated by State Governments/ UTs , Regional Rural Banks (RRBs)
and Nationalised Banks across the Country.
For more informtion
on schemes visit schemes & progrmmes.