National Backward Classes Finance and Development Corporation (NBCFDC) recorded its highest-ever financial performance in FY 2025–26, disbursing ₹613 crore and benefiting 61,621 beneficiaries, reflecting an approximate 16% increase over FY 2024–25. As per Ministry of Social Justice and Empowerment, the corporation achieved 100% geographical coverage and around 99% utilization of funds, demonstrating strong last-mile delivery of welfare schemes.
NBCFDC also fully utilized allocations under key initiatives such as VISVAS Interest Subvention Scheme, National Fellowship for OBCs, and PM-DAKSH Yojana, reinforcing its role in empowering backward and marginalized communities through financial inclusion and skill development.
Scheme-wise Performance
- VISVAS Interest Subvention Scheme: ₹35 crore allocation fully utilised
- National Fellowship for OBCs: Achieved complete utilisation of funds
- PM-DAKSH Yojana: ₹45 crore grant with near-total utilisation
About NBCFDC
The National Backward Classes Finance and Development Corporation is a Government of India undertaking functioning as a not-for-profit entity under the Ministry of Social Justice and Empowerment. It focuses on promoting economic development and financial inclusion among socially and economically backward sections.
Establishment
- Incorporated on January 13, 1992
- Registered under Section 25 of the Companies Act, 1956 (now Section 8 of the Companies Act, 2013)
Objective
- To promote economic and developmental activities for backward classes
- To support skill development and self-employment opportunities
- To uplift poorer sections within backward communities
Functions and Activities
- Financial Assistance:
- Provides concessional loans for income-generating activities
- Routed through State Channelizing Agencies (SCAs) and Self-Help Groups (SHGs)
- Sectoral Coverage:
- Agriculture and allied sectors
- Small businesses, artisans, and traditional occupations
- Technical and professional trades
- Transport and service sectors
- Skill Development:
- Implements training programmes under PM-DAKSH Yojana
- Welfare Scheme Implementation:
- Executes schemes like VISVAS (interest subsidy) and National Fellowship for OBCs
- Expanded Target Groups:
- OBCs
- Economically Backward Classes (EBCs)
- De-notified, Nomadic and Semi-Nomadic Tribes
- Senior citizens, transgender persons, and beggars
Significance
- Financial Inclusion: Ensures credit access to marginalized communities in backward regions
- Last-Mile Delivery: 100% geographical coverage reflects effective outreach
- Entrepreneurship Promotion: Interest subsidies under VISVAS make self-employment viable
- Human Capital Development: Skill programmes enhance employability and productivity
- Efficient Governance: Near-total fund utilisation indicates strong implementation capacity