Saturday, April 14, 2012

National Backward Classes Finance and Development Corporation Bags Scope Meritorius Award for the Year 2010-11

National Backward Classes Finance and Development Corporation (NBCFDC) a Government of India undertaking organisation under the Ministry of Social Justice and Empowerment has achieved a distinction of being the recipient of Standing Conference of Public Enterprises (SCOPE) Meritorious Award for the year 2010-11 for the Best Managed Public Sector Enterprise (PSE) under section-25 to NBCFDC. President of India, Smt. Pratibha Devisingh Patil awarded the Commendation Certificate on the occasion of Public Sector Day here today. Prior to this NBCFDC has also received MoU Award and was rated one of the Top Ten PSE’s fourth time.

NBCFDC was setup in the year 1992 as a company Not for Profit to promote economic and developmental activities for the benefit of Backward Classes living below double the poverty line. NBCFDC has consistently given excellent results during the XIth Plan and cumulatively disbursed loan of Rs.2065.76 Crore to 1464270 beneficiaries in 27 States and Union Territories. The Corporation has received a budgetary support of Rs.672.35 Crore out of Authorized Share Capital of Rs.700Crore. Rs.1393.41 Crore over & above budgetary support has been recycled. Recovery of loan is about 89%.

The Corporation provides financial assistance by way of soft loans for self employment and income generating activities in various sectors like Agriculture and Allied activities, Small business/Artisan &Traditional Occupation, Transport Sector & Service Sector and Technical & Professional Trades/Courses in India and abroad have been financed at concessional rate of interest.

The Corporation is creating new opportunities in the area of providing self employment, education development, skill development training and marketing support to the target group comprising of artisans, farmers, fishermen and small businessmen. Top remote quality products made by artisans, corporation were exhibited during Shilpotsav, Dilli Haat, IITF, New Delhi and Suraj Kund Craft Mela etc.

The Corporation has also given emphasis on women empowerment and has designed special scheme for women “New Swarnima”under term loan and “Mahila Samriddhi Yojana” under Micro Finance scheme through SHGs.