About National Backward Classes Finance and Development Corporation (NBCFDC):
- It is a Government of India undertaking under the aegis of the Ministry of Social Justice and Empowerment.
- NBCFDC was incorporated on 13th January, 1992, under the Companies Act, 1956 (currently a company under Section 8 of the Companies Act, 2013), as a non-profit entity.
- The objective of the corporation is to promote economic and developmental activities for the benefit of the backward classes and to assist the poorer section of these classes in skill development and self-employment ventures.
- The mission of NBCFDC is to provide concessional financial assistance to eligible members of the Backward Classes for self-employment ventures and skill development
- NBCFDC provides financial assistance through State Channelizing Agencies (SCAs) nominated by the State Governments/UTs and Banks (PSBs & RRBs).
- The schemes introduced under NBCFDC are listed below:
- General Loan Scheme
- Micro Finance Scheme
- Skill Development Training Programme
- Vocational Education and Training Loan Scheme (VETLS)
- Technology Upgradation of Clusters
