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About NSFDC
  1. NSFDC: A Brief History:
    INCORPORATION: NSFDC was setup by the Govt. of India on February 08,1989 with the name National Scheduled Castes and Scheduled Tribes Finance and Development Corporation (NSFDC). It was incorporated as a fully owned Government Company under Section 8  of the Companies Act, 2013.
    It has been assigned the task for financing, facilitating and mobilizing funds for the economic empowerment of persons living below Double of the Poverty Line (DPL). It provides financial assistance for income generating schemes for the target group through state Channelising Agencies (SCAs) which are nominated by respective State/UT Government.
    This 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.
  2. Bifurcation:
    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.
  3. Share Capital:
    The authorised share capital of the Corporation is Rs 1500/- crores as on 30th September 2016.
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