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National Scheduled Castes Finance & Development Corporation (NSFDC)

  1. The National Scheduled Castes Finance & Development Corporation (NSFDC) was set up in 1989 as a "Company not for profit" under Section 8 of the Companies Act 2013 [i.e. Section 25 (of the earlier) Companies Act, 1956] with the objective of financing income generating activities of SC beneficiaries living below Double the Poverty Line limits (presently Annual Family Income Rs.81,000/- for Rural Areas and Rs.1,03,000/- for Urban Areas). NSFDC assist the target group by way of loans, Skill Training, Entrepreneurship Development Programmes and Providing Marketing Support through State Channelizing Agencies (SCAs), RRBs, Public Sector Bank & Other Institutions.
  2. An amount of Rs.981.80 crore has been made available to NSFDC upto 31st March, 2015, as Equity Share contribution, towards the Authorized Share Capital of Rs.1000.00 crore.
  3. NSFDC provides Loan upto 90% of the cost of project, subject to the condition that 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.
  4. Major schemes operated by NSFDC through its Channelizing Agencies are as follows:-

    (A) Credit Based Schemes:

    S.No. Scheme & Amount of Loan Interest chargeable from
    Sector Bank &
    Other Institutions
    Interest chargeable from
    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. Laghu Vyvasaya Yojana upto Rs. 2.00 lakh 3% 6%
    10. Education Loan Scheme upto Rs.10.00 lakh (India) & Rs.20.00 lakh (Abroad) 1.5%
    (1% for Women)
    (3.5% for Women)
    11. *Nari Aarthik Sashaktikaran Yojana(NASY)
    (Eligible women can avail any of the NSFDC Scheme)
    1% 4%
    12. Vocational Education & Training Loan Scheme 1.5%
    (1% for Women)
    (3.5% for Women)
    13. Green Business Scheme 1% 3%
  5. *Note: for NASY, the Channelising Agencies would be provided 2% of the loan amount as grant for the purpose of carrying out "handholding activity" for the beneficiaries covered under the scheme, subject to a maximum of Rs. 4000/- per unit.

    (B) Non-Credit Based Schemes:

    1. Skill Training 100% grant with stipend @ Rs. 1500/- per month
    2. Exhibitions/Fairs & Marketing Training/
    NSFDC participates in International, National and District
    Level Exhibitions & Fairs and provides free stalls to
    beneficiaries for exhibiting and selling their products.
    At these exhibitions, marketing training is also provided
    to the beneficiaries for developing/re-designing their
    products. The OTC (over the counter) inputs for better
    Salesmanship are also imparted to them.

    NSFDC has entered MoU with e-marketing firm to provide
    its beneficiaries online marketing platform, training,
    infrastructural support in data analytics and customer
    acquisition to help them get remunerative prices for
    their products and scale up their business.

    5. The performance of NSFDC during the last 5 years is as follows:

    Year Equity share released by
    (Rs. in crore)
    (Rs. in crore)
    No. of beneficiaries covered
    2010-11 75.00 180.09 47,728
    2011-12 85.00 182.77 43,772
    2012-13 100.00 201.55 50,048
    2013-14 100.00 245.14 54,975
    2014-15 100.00 270.27 70,885

NSFDC has disbursed an amount of Rs. 3019.87 (cumulative) till 31.03.2015 and covered 9.41 lakh beneficiaries. More information may be seen at the website of NSFDC at External website that opens in a new window

Important Links

e-Book (DoSJ&E), (External website that opens in a new window) (Hindi Ver.) (External website that opens in a new window) and (DoEPwD) (External website that opens in a new window)
e-Gazette (External website that opens in a new window)
Prime Minister's National Relief Fund (External website that opens in a new window)
National Voters' Service Portal (NVSP) (External website that opens in a new window)
National eScholarship Portal (External website that opens in a new window)