National Backward Classes Finance and Development Corporation
- Context: The National Backward Classes Finance and Development Corporation achieved a record disbursement of Rs 613.75 crore in FY 2025-26, benefiting over 61,000 people.
- Achieved a 16% increase over the previous year.
- Ensured wide geographical coverage and near full fund utilization.
Special Initiatives
- Implements schemes like VISVAS Interest Subvention Scheme.
- Promotes concessional finance for OBCs and other eligible groups.
Beneficiary Groups
- Primarily supports Other Backward Classes (OBCs).
Also assists
- Economically Backward Classes (EBCs)
- De-notified, Nomadic, and Semi-Nomadic Tribes
- Senior citizens, beggars, and transgender persons
Impact
- Strengthens financial inclusion and self-employment.
- Promotes inclusive growth and social empowerment in India.
About NBCFDC
- National Backward Classes Finance and Development Corporation is a Government of India undertaking under the Ministry of Social Justice and Empowerment.
- Established in 1992 as a not-for-profit company under Section 25 of the Companies Act, 1956.
- Created to support Backward Classes and economically weaker sections.
Main Objectives
- Promote economic and development activities for Backward Classes.
- Provide financial assistance and loans for viable income-generating projects.
- Support education, training, and skill development.
- Enhance entrepreneurial and technical skills for self-employment.
Financial Support & Schemes
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- Provides loans and assistance through State Channelizing Agencies (SCAs).
- Supports Self-Help Groups (SHGs) and micro-financing systems.
- Covers sectors like:
- Agriculture and allied activities
- Small business and traditional occupations
- Technical and professional trades
- Transport and service sectors
