Backward caste

                

                               Government sponsored scheme 

                               

          

              National Backward Classes Finance & DevelopmentCorporation 
             ( A Govt. of India Undertaking, Ministry of Social Justice & Empowerment)

     Schemes are implemented through State Channelising Agencies (SCAs) nominated by respective State Government/UT

Eligibility
      Members of Backward Classes having annual family income less than double the poverty line (i.e. Rs.98,000/- in rural areas and Rs.1,20,000/- in urban areas) are eligible to obtain loan from NBCFDC.

    NBCFDC assists a wide range of income generating activities which include agricultural and allied activities, small business/artisan and traditional occupation, transport sector & service sector, technical and professional trades/courses.

Types of Loan & Pattern of Finance 

a)  Term Loan : Maximum loan limit : Rs. 10 Lakh per beneficiary.

     NBCFDC Loan : upto 85% of the project cost in general scheme. Balance 15% to be shared by
     SCA/Beneficiary.

b)  Margin Money Loan : Maximum loan limit : Rs. 10 Lakh per beneficiary.

    NBCFDC Loan : upto 40% of the project cost, balance amount of project cost is contributed by
    Bank/Financial Institution (50%), SCA (5%), and the beneficiary (5%).

c)  Micro Finance: Maximum loan limit : Rs. 50,000/- per beneficiary/member of the SHG.

    NBCFDC Loan : upto 90% to 95% of the project cost. Balance 5%-10% to be shared by
    SCA/Beneficiary.

Activities which can be financed 

    The Corporation can assist a wide range of income generating activities under following broad sectors:

   1.    Agriculture & Allied Activities 

   2. Small Business/Artisan & Traditional Occupation 

   3. Transport Sector & Service Sector 

   4. Technical and Professional Trades/Education loan for professional Courses 

      The SCAs are to disburse loans for viable projects as per needs and choice of beneficiaries under above   mentioned broad sectors.

Types of loan: 

 Term Loan/Margin Money Loan

 (a) New Swarnima for Women 
     Under this scheme, women belonging to backward classes living below double the poverty line can obtain    loan upto Rs.1,00,000/- @ 5% p.a.

   NBCFDC loan : 95% of Project Cost.

(b ) Education Loan Scheme 

      NBCFDC provides Educational Loans to the students of Backward Classes living below double the
poverty line for pursuing general/ professional/technical courses or trainings at graduate and/or higher levels. Maximum loan limit inIndia is Rs.10 lakh and abroad is Rs.20 Lakh. The rate of interest is 4% p.a. and girl students will get at special concessional rate of interest @ 3.5% p.a.

   NBCFDC loan :90% for study in India and 85% for study abroad.

(c)  Saksham

      This is a special scheme under Term Loan for young professional belonging to Backward Classes of the target group. Maximum loan limit is Rs.10 Lakh per beneficiary. The loan upto Rs.5 Lakh bears interest @ 6% p.a. and loan above Rs.5 Lakh to Rs.10 Lakh bears interest @ 8% p.a.

       NBCFDC loan :  85% of Project Cost

(d) Shilp Sampada 

      The objective of this scheme is to upgrade the technical and entrepreneurial skill of Backward Classes by way of providing training and financial assistance under Term Loan for self-employment in traditional craft etc. the artisans and handicraft persons of Backward Classes living below double the poverty line can obtain loan upto Rs.10 Lakh under this scheme. Loans upto Rs.5 Lakh bears interest @ 6% p.a. and above Rs.5 Lakh to Rs.10 Lakh bears interest @ 8% p.a.

     NBCFDC loan : 85% of Project Cost

Micro Finance
 (a)  Micro Finance Scheme :    NBCFDC’s Micro Finance Scheme is implemented by SCAs through accredited NGOs/Self-Help Groups. The maximum loan limit per beneficiary is Rs.50,000/-. The rate of interest 5% p.a. from SCA to Beneficiary.

     NBCFDC loan : 90% of Project Cost

(b) Mahila Samriddhi Yojana (Micro Finance Scheme for Women) :  NBCFDC’s Mahila Samriddhi Yojana is implemented by SCAs through accredited NGOs/Self-Help Groups (SHGs). The maximum loan limit per beneficiary is Rs.50,000/-. The rate of interest is 4% p.a. from SCA to Beneficiary.

     NBCFDC loan : 95% of Project Cost.

(c) Krishi Sampada :  To provide concessional loans under Micro Finance to small farmers, vegetable vendors of the target group for requirement of funds during Rabi & Kharif or any cash crop. The loanee can obtain loan upto Rs.50,000/- @ 4% p.a.

      NBCFDC loan : 95% of Project Cost

Other Developmental Activities

Training & Development :
       The Corporation provides financial assistance for Skill Development Training Programme and for entrepreneurial skills of eligible members of Backward Classes living below double the poverty line. Financial assistance is provided through SCAs/National Level/State Level Training Institutes, to create an ecosystem of empowerment of Backward Classes (Target Group) by Skilling on a large scale with high standards and to promote a culture of entrepreneurship which can generate wealth and self-employment or wage employment leading to sustainable livelihood for target group population in the country.

Marketing Linkages :
     Besides other developmental activities, the Corporation is promoting, marketing facilities for the artisans of the target group by providing opportunities to participate in the Country's leading fairs like India International Trade Fair, Dilli Haat and Suraj Kund Crafts Mela etc. as well as in the exhibitions/fairs organized in their respective States. The event not only give much needed marketing exposure to these artisans, but also provide an opportunity to market their products at good price which usually they find difficult in their own places. NBCFDC helps traditional BC Artisans by way of providing them platform to exhibit their products in the exhibitions to establish marketing linkages. NBCFDC also motivates the SCAs to organize or participate in exhibitions to showcase the schemes of the Corporation and also to exhibit the diverse products and services for which NBCFDC has provided financial assistance to the members of Backward Classes in different parts of the Country through SCAs. The objective of such exhibitions is to generate awareness about the NBCFDC schemes as well as to give exposure to the artisans of the target group to a bigger market. Beneficiaries are also being provided to and fro expenses, etc. NBCFDC also motivates its beneficiaries to take benefit of Online Portals.