National Scheduled Tribes Finance and Development Corporation (NSTFDC), a Public Sector Undertaking under the Ministry of Tribal Affairs celebrated its 25th Foundation Day. Established in 2001, NSTFDC serves as an apex organization dedicated to the economic development of Scheduled Tribes across the country.
About National Scheduled Tribes Finance and Development Corporation (NSTFDC)
- It is a Public Sector Undertaking (PSU) under the Ministry of Tribal Affairs, Government of India
- Established Year: 2001
- Headquartered: New Delhi
- It serves as an apex organization dedicated to the socio-economic upliftment of Scheduled Tribes (STs) by providing concessional financial assistance for income-generating activities.
- It has been instrumental in promoting livelihood opportunities by extending concessional financial assistance through State Channelizing Agencies for income-generating activities
Core Objectives & Functions
- Economic Empowerment: To identify and fund economic activities that generate self-employment and raise income levels for tribal communities.
- Skill Upgradation: To provide institutional and on-the-job training to tribal youth to enhance their employability and entrepreneurial skills.
- Support Network: To assist State Channelizing Agencies (SCAs) in project formulation and implementation of various welfare schemes.
- Market Linkage: To help tribal producers find viable markets for their products.
Prominent Financial Schemes of NSTFDC
NSTFDC operates several tailored schemes to provide low-interest loans to eligible ST beneficiaries:
| Scheme Name | Target Group / Purpose | Key Features |
|---|---|---|
| Term Loan Scheme | Individuals / Units | Loans for projects costing up to ₹50 lakh; up to 90% project cost covered. |
| Adivasi Mahila Sashaktikaran Yojana (AMSY) | ST Women | Loans for projects up to ₹2 lakh at a highly concessional interest rate of 4% p.a.. |
| Micro Credit Scheme (MCF) | Self Help Groups (SHGs) | Small loans up to ₹50,000 per member or ₹5 lakh per SHG. |
| Adivasi Shiksha Rrinn Yojana (ASRY) | ST Students | Education loans up to ₹10 lakh for professional/technical courses at 6% interest p.a.. |
| Tribal Forest Dwellers Empowerment Scheme | Forest Dwellers | Loans up to ₹2 lakh at 4% interest p.a. for those with land rights under the Forest Rights Act. |