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VISION STATEMENT
Fighting Poverty and Stigma through
Enterpreneurship
MANDATE
Providing
concessional finance for setting up of self-employment projects and
skill-training grants to unemployed SC persons living below Double the Poverty
Line.
ORGANISATION
National Scheduled Castes and Scheduled Tribes Finance and
Development Corporation (NSFDC) was set up by the Government of India in
February, 1989 as a Government Company under Section 25 ( A company not for
profit) of the Companies Act., 1956. NSFDC is a fully owned Government of India
Undertaking under the Ministry of Social Justice & Empowerment and is
managed by a Board of Directors with representation from Central Government,
State Scheduled Castes Development Corporations, Financial Institutions and
non-official members representing Scheduled Castes.
Consequent upon the orders of the Government of India declaring
bifurcation of the erstwhile NSFDC into two separate corporations (one each for
SCs & STs), the existing NSFDC is now functioning exclusively for the
development of the Scheduled Castes w.e.f. 10.04.2001.
SHARE CAPITAL
The authorised share capital of the Corporation is Rs.1000 crores as on 31st
March 2008.
BROAD OBJECTIVES
NSFDC is the apex institution for financing, facilitating and mobilising funds
from other sources and promoting the economic development activities of the
persons belonging to the Scheduled Castes living below double the poverty line.
OPERATIONS
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Financing income generating schemes for
the SCs through the State Channelising Agencies (SCAs) and other recognized
institutions nominated by the respective State /UT Governments. |
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Providing Micro-Credit Finance to the
target group through the SCAs. |
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Providing grants for skill development
programmes through the SCAs. |
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Providing advisory services to target
group and SCAs. |
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Upgrading the skill levels of the SCAs. |
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Providing grants to the SCAs for
computerization. |
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