NBCFDC Record ₹613 Crore Disbursement in FY 2025-26
Why in the news
The National Backward Classes Finance and Development Corporation (NBCFDC) lent out ₹613 crore in FY 2025-26, its best figure so far and 16% above the year before. The rise reflects a stronger push for financial inclusion and self-reliance among weaker communities.
Key facts
- Disbursement: ₹613 crore in FY 2025-26, up 16%.
- Legal status: not-for-profit Government of India undertaking registered as a Section 8 company.
- Nodal ministry: Ministry of Social Justice and Empowerment.
- Established: 13 January 1992.
- Model: apex lender routing money via State Channelizing Agencies (SCAs) and partner banks.
Assistance offered
| Area | Support |
|---|---|
| Agriculture and allied | Loans for equipment, livestock or irrigation tools |
| Small business and artisans | Help for traditional occupations and micro-enterprises |
| Education | Loans for technical and professional courses in India and abroad |
| Micro finance | Small loans mainly for Self-Help Groups |
| Skills | Vocational training and upskilling under PM-DAKSH Yojana |
All credit is at highly concessional rates, aimed at people lacking access to mainstream banking.
Target groups
- Other Backward Classes, and Economically Backward Classes by income criteria.
- De-notified, Nomadic and Semi-Nomadic Tribes (DNTs).
- Senior citizens, transgender persons and persons in destitution (beggars).
Schemes it implements
- VISVAS: interest subvention giving a direct 5% waiver to SHGs and individual borrowers.
- National Fellowship for OBCs: aid for M.Phil and Ph.D. students.
Exam angle
- Status: Section 8 company; ministry: Social Justice and Empowerment.
- Skill scheme: PM-DAKSH; interest scheme: VISVAS (5%).
- Related terms: SCAs, DNTs, EBCs, SHGs.