About Us

NSFDC is a Central Public Sector Undertaking under the Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment, Government of India, engaged in promoting economic empowerment of persons belonging to Scheduled Castes by providing concessional financial assistance, skill development and entrepreneurship support. The Scheduled Castes beneficiaries assisted by NSFDC under concessional financial assistance for self-employment and for pursuing professional / technical educational courses must fall within, presently annual family income of ₹ 5 lakh, as amended from time to time.

Bifurcation

Consequent upon the orders of the Government of India declaring bifurcation of the erstwhile NSFDC (National Scheduled Castes and Scheduled Tribes Finance and Development Corporation) into two separate Corporations (one each for Scheduled Castes and Scheduled Tribes), the existing NSFDC is now functioning exclusively for persons belonging to Scheduled Castes only with effect from 10.04.2001.

Objectives

The broad objective of NSFDC is to finance, facilitate, and mobilize funds for the socio-economic empowerment of Scheduled Caste persons, presently having an annual family income up to Rs. 5.00 lakh (in both rural and urban areas, w.e.f. 07.01.2026), as amended from time to time.

Activities

NSFDC provides financial assistance for income-generating schemes for the target group through:

1. State Channelising Agencies (SCAs) nominated by respective State Governments/UT Administrations

2. Channel Partners such as:

• Public Sector Banks

• Regional Rural Banks

• Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs)

• Cooperative Banks/Societies

• Other Development Organisations

These partnerships are governed through Memoranda of Agreement (MoA).

Share Capital

• Authorised Share Capital: Rs. 1800 crore

• Paid-Up Share Capital: Rs.1515 crore (as on 31st March, 2026)