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.