Classes Finance and Development Corporation (NBCFDC) under the Ministry
of Social Justice & Empowerment was set up to promote economic and
developmental activities for the benefit of members of Backward Classes
living below double the poverty line.
NBCFDC has assisted more than 1.39 lakh beneficiaries by disbursing an
amount of Rs. 215.65 crore during 2011-12. Achieved the growth of 23% in
disbursement of fund and 8.22% in assisting the Backward Classes
Against the Paid-up Capital of Rs. 672.35 Crore, the Corporation has
disbursed Rs.2065.76 crore at the end of XIth Plan. Loan amount of Rs.
1393.41 crore over and above the budgetary support has been disbursed by
recycling of repayments/ recoveries and efficient management of internal
resources. Aggregate recovery is 89.38%.
NBCFDC, cumulatively assisted more than 15 Lakh families of Backward
Classes living below double the poverty line with loan amount of Rs.2100
Performance of NBCFDC has been rated excellent consecutively for the
last twelve years by the Government against MoU target. NBCFDC has also
been rated one of the top ten PSE four times amongst MoU signing
companies including Navratna & Miniratnas. It has received the SCOPE
Meritorious Award (2010-11), and MoU Excellence Award in 2009.
NBCFDC has also introduced Micro Finance Scheme through SHGs and
Educational Loan Scheme New Akanksha for technical & professional
courses at Graduate and higher level where loans are provided up to
Rs.10 lakhs to study in India and up to Rs. 20 lakhs for study in abroad
@ 4% interest. It also provides soft loan @ 5% interest in special
scheme - New Swarnima and @ 4% interest in Mahila Samridhi for women
living below the poverty line.