NSFDC stands for National Scheduled Castes Finance and Development Corporation. NSFDC was set up on 8th February 1989 as a Company ‘not for profit’. Presently NSFDC is a Section-8 Company under the Companies Act, 2013. The mandate of NSFDC is to promote the economic empowerment of persons belonging to Scheduled Castes.

Vision : To be the leading catalyst in systematic reduction of poverty through socio-economic development of eligible Scheduled Castes living below double the poverty line, working in on efficient, responsive and collaborative manner with channelizing agencies and other development partners.

Mission : Promote prosperity among Scheduled Castes by improving flow of financial assistance and through skill development & other innovative initiatives.

There are two essential eligibility conditions for NSFDC loans – the applicants must belong to Scheduled Castes and their annual family income should be up to Rs.3 lakh