NATIONAL BACKWARD CLASSES FINANCE AND DEVELOPMENT CORPORATION (NBCFDC)

Dec. 22, 2018

A MoU was signed between National Backward Classes Finance and Development Corporation (NBCFDC) and BSE Institute Ltd. for facilitating Skill Development Training to the target group of NBCFDC.

About:

Parent agency: NBCFDC is an autonomous corporation under Ministry of Social Justice & Empowerment.
Background: NBCFDC, a Govt. of India Undertaking, was incorporated under Section 25 of the Companies Act 1956 in 1992 as a Company not for profit.
Mandate: To promote economic and developmental activities for the benefit of Backward Classes and to assist the poorer section of these classes in skill development and self-employment ventures.
Working:
- NBCFDC provides financial assistance through State Channelising Agencies (SCAs) nominated by the State Governments/ UTs. NBCFDC also provides Micro Financing through SCAs/ Self Help Groups (SHGs).
- It assist a wide range of income generating activities to assist the poorer section of these classes in skill development and self-employment ventures.