National Scheduled Castes Finance & Development Corporation (NSFDC)
- The National Scheduled Castes Finance & Development Corporation (NSFDC) was set up in 1989 as a "Company not for profit" under Section 25 of the Companies Act, 1956 with the objective of financing income generating activities of SC beneficiaries living below double the poverty line limits (presently Rs.81,000/- p.a. for Rural Areas and Rs.1,03,000/- p.a. for Urban Areas). NSFDC assist the target group by way of loan & advances, Skill Training, Entrepreneurship Development Programmes and Providing Marketing Support through State Channelizing Authority (SCA).
- An amount of Rs.879.80 crore has been made available to the Corporation upto 30th September, 2013, as equity share contribution, towards the authorized share capital of Rs.1000.00 crore.
- NSFDC may provide term loan upto 90% of the cost of project, subject to the condition that State Level Channelizing Agencies contribute their share of assistance as per their schemes and also provide the required subsidy besides tying up financial resources from other source, if any.
- Major schemes operated by NSFDC through its SCAs are as follows:-
S.No. Scheme & Amount of Loan Interest chargeable from SCA Interest chargeable from beneficiaries 1. Term loan upto Rs.5.00 lakh 3% 6% 2. Term loan above Rs. 5.00 lakh & upto Rs.10.00 lakh 5% 8% 3. Term loan above Rs.10.00 lakh and upto Rs.20.00 lakh 6% 9% 4. Term loan above Rs.20.00 lakh & upto Rs.30.00 lakh 7% 10% 5. Micro Credit Finance upto Rs.50,000/- 2% 5% 6. Mahila Samridhi Yojana upto Rs. 50,000/- 1% 4% 7. Mahila Kissan Yojan upto Rs.50,000/- 2% 5% 8. Shilpi Samriddhi Yojana upto Rs.50,000/- 2% 5% 9. Education Loan Scheme upto Rs.10.00 lakh (India) & Rs.20.00 lakh (Abroad) 1.5% 4% 10. Nari Aarthik Sashaktikaran Yojana(NASY)(Eligible women can avail any of the NSFDC Scheme) 1% 4% 11. Skill Training 100% grants with stipend Rs. 1500/- per month
The performance of NSFDC during the last 5 years is as follows:
Year Equity share released
(Rs. in crore)
(Rs. in crore)
No. of beneficiaries covered
2008-09 45.00 145.33 37,568 2009-10 45.00 151.19 58,983 2010-11 75.00 180.09 47,728 2011-12 85.00 182.77 43,772 2012-13 105.00 201.55 50,048
During the year 2013-14, an amount of Rs. 98.00 crores has been released as equity support.
NSFDC has disbursed an amount of Rs. 2504.46 crore (cumulative) till 31.03.2013 covered 8.60 lakh beneficiaries. More information may be seen at the website of NSFDC at http://nsfdc.nic.in External website that opens in a new window