What National Backward Classes Finance & Development Corporation does

NBCFDC (National Backward Classes Finance & Development Corporation) is a Government of India undertaking under the Ministry of Social Justice and Empowerment, incorporated on 13 January 1992 under Section 25 of the Companies Act 1956 as a not-for-profit company. Its core mandate is to channel concessional credit, skill training, marketing linkages, and educational fellowships to Other Backward Classes (OBCs), Economically Backward Classes (EBCs), De-notified Nomadic and Semi-Nomadic Tribes (DNTs), and traditional artisans across India. Over 31 years it has cumulatively served approximately 31 lakh beneficiaries across every State and UT, disbursing Rs. 6,621.70 crore in concessional loans through FY 2022-23.

The corporation operates four product lines: (1) Individual Loan Scheme and (2) Group Loan Scheme (through SHGs) for income generation and education up to Rs. 25 lakh at beneficiary rates of 7-8% p.a.; (3) PM-DAKSH Yojana for fully Ministry-funded skill development training via partner institutes such as Apollo Medskills, ATDC, CIPET and NIESBUD; (4) Bharat Tulip — an artisan upliftment and e-commerce platform launched 5 November 2024 featuring heritage collections (Virasat Living, Ratna Rekha, Resham Sutra, Leather Legacy) for 1,500+ traditional artisans; and (5) the National Fellowship for OBCs (NFOBC) awarding 1,000 M.Phil/Ph.D slots annually. Technology infrastructure includes LEAP (loan and employee automation), VISVAS portal for vocational training, the PM-DAKSH portal with AI-based facial scanning for attendance, the Bharat Tulip e-commerce platform, and the NFOBC Scholarship Fellowship Management Portal.

NBCFDC's business model is a multi-tier refinance architecture: it on-lends to State Channelizing Agencies (35+ SCAs), Public Sector Banks (12 PSBs including SBI, BoB, Canara, PNB), Regional Rural Banks (44+ RRBs) and NBFC-MFIs at 4-6% p.a., who then lend to ultimate beneficiaries at 7-8% p.a. (and up to 16% via NBFC-MFIs). The cost-of-funds advantage derives from direct Government of India backing. Distribution is geographically nationwide, with awareness camps, exhibitions at IITF/Surajkund/Delhi Haat, and digital self-serve via the NBCFDC portal. Revenue streams therefore comprise (i) net interest spread on the loan book, (ii) Ministry grants for PM-DAKSH and NFOBC, and (iii) emerging Social Stock Exchange fund-raising — the corporation being the first Central Govt. undertaking to register on both NSE and BSE Social Stock Exchanges.

Name

National Backward Classes Finance & Development Corporation

Legal name

National Backward Classes Finance & Development Corporation

Website

https://nbcfdc.gov.in

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

NBCFDC is a Government of India undertaking under the Ministry of Social Justice and Empowerment that provides concessional loans, skill training, artisan marketing platforms, and educational fellowships to Other Backward Classes, Economically Backward Classes, and marginalized communities across India.

Ownership category

akta.pro rank

Product category

Development Finance / Concessional Lending for Backward Classes

NAICS

Grantmaking and Giving Services (81321), Educational Services (611), Other Activities Related to Credit Intermediation (522390)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Services-Educational Services (8200), Services-Social Services (8300)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industries

Scholarships, Grants & Education Benefits Administration (Financing-adjacent) (FSAKAEAM), Technical & Vocational Education & Training (TVET) (BPADAKAD), Scholarship, Financial Aid & FAFSA Support Platforms (EDAFAMAF)

Keywords

• Concessional lending schemes
• Skill development training
• Artisan upliftment programs
• Minority welfare finance
• Development finance corporation

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Individual Loans: NBCFDC provides concessional loans through SCAs/Banks. For income generating activities up to Rs. 1.25 lakh, NBCFDC charges 4% p.a. from SCAs who on-lend at 7% p.a. For loans Rs. 1.25 lakh to Rs. 25 lakh, NBCFDC charges 5% p.a. with SCAs lending at 8% p.a. Education loans up to Rs. 25 lakh are provided at 5%/8% rates with maximum 10 year repayment including 5 year moratorium.
2. Interest Income from Group Loans: Group loans through SHGs: NBCFDC provides 90% of project cost to SCAs at 4% p.a. who on-lend at 7% p.a. for 3 years. For NBFC-MFIs, NBCFDC charges 6% p.a. with on-lending at up to 16% p.a. Maximum group loan is Rs. 25 lakh with Rs. 1.25 lakh per beneficiary.
3. Social Stock Exchange Fund Raising: NBCFDC is the first Central Govt. of India undertaking to register with Social Stock Exchange on both NSE and BSE. Filed draft fund raising document on both exchanges for building a caring and equitable society through economic empowerment.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

NBCFDC provides concessional financial assistance — Individual Loan Schemes (up to Rs. 25 lakh) and Group Loan Schemes through SHGs (up to Rs. 25 lakh per group) — to members of Other Backward Classes, Economically Backward Classes, and De-notified Nomadic Tribes for income-generating activities and education. Beyond credit, it delivers the PM-DAKSH skill development programme, the Bharat Tulip artisan upliftment and marketing platform, and the National Fellowship for OBCs (NFOBC) for higher education, channeling these offerings via State Channelizing Agencies, Public Sector Banks, RRBs, and NBFC-MFIs across India.

Product overview

NBCFDC is a Government of India undertaking under the Ministry of Social Justice and Empowerment, incorporated on 13th January 1992. The corporation operates a multi-product portfolio focused on socio-economic empowerment of Backward Classes. Core offerings include the Individual Loan Scheme (concessional loans up to Rs. 25 lakh for income generation and education), Group Loan Scheme (for Self Help Groups up to Rs. 25 lakh), and PM-DAKSH Yojana (skill development programmes). The Bharat Tulip programme, launched November 2024, provides artisan upliftment through digital marketing and heritage crafts promotion. Additional products include the National Fellowship for OBCs (NFOBC) for higher education, and Marketing Linkages providing exhibition platforms. Internal operations are supported by LEAP Software for loan and employee automation.

Differentiator

Problem solved

Functional benefit

Brands

• Bharat TULIP: Traditional artisans upliftment livelihood program dedicated to reviving India's timeless crafts, supporting artisan communities, and sharing rich cultural heritage with the world. Launched on 5.11.2024, an initiative of Ministry of Social Justice and Empowerment designed to bridge the gap between traditional artisans and the global marketplace by providing digital access, brand identity, and enhanced marketing opportunities.

Products and services

• Individual Loan Scheme Concessional loan scheme for members of Backward Classes providing financial assistance up to Rs. 25 lakh per beneficiary for income-generating activities and education; interest rates of 7-8% p.a. on-lent through SCAs/Banks, with funding pattern 85% NBCFDC / 15% SCA-Beneficiary.
• Group Loan Scheme Concessional loan scheme for Self Help Groups (SHGs) of backward classes providing credit facilities up to Rs. 25 lakh per group with maximum Rs. 1.25 lakh per beneficiary at 7% p.a. (16% via NBFC-MFI route) for 3 years. Funding pattern 90% NBCFDC / 10% SCA.
• Bharat Tulip Traditional artisan upliftment livelihood program providing digital access, brand identity, and enhanced marketing opportunities to connect traditional artisans from backward classes with global marketplace. Features heritage collections including Virasat Living, Ratna Rekha, Resham Sutra, and Leather Legacy. Includes e-commerce storefront, Shilp Samagam Melas, and B2B Seller-Buyer Meets.
• PM-DAKSH Yojana Skill development programme implemented by NBCFDC for OBCs, EBCs, and DNTs covering up-skilling, short-term training, entrepreneurial development programmes, and long-term courses through partner training institutes. 100% of training cost borne by Ministry of Social Justice and Empowerment grant.
• National Fellowship for Other Backward Classes (NFOBC) Fellowship scheme for OBC students pursuing M.Phil and Ph.D degrees in Humanities, Social Sciences, Engineering & Technology, and Sciences. Provides 1,000 slots per year (750 UGC-NET-JRF + 250 UGC-CSIR NET-JRF Science) with 5% PwD reservation.
• VISVAS Portal Digital portal under the Ministry of Social Justice and Empowerment for implementing vocational training and self-employment schemes, facilitating NBCFDC's concessional loan and training programmes.
• Marketing Linkages Programme Marketing support programme providing national and international exhibition platforms including IITF New Delhi, Surajkund Handicraft Mela, Delhi Haat, and state-organized fairs, providing stalls free of cost to beneficiary artisans. Over two decades, 5,000+ beneficiaries have been provided exhibition opportunities.

Quantifiable outcome

• 31 lakh beneficiaries reached across all States/UTs
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core.

• Bharat Tulip - Heritage Collection Store PartnerscoreStrategic or Co-development Partner · 5 November 2024Launched 5.11.2024 under Ministry of Social Justice and Empowerment. Partners include Shilp Samagam Mela organizers, DAIC Delhi for B2B meets, and various state governments for heritage collection stores.
• Apollo MedskillscoreStrategic or Co-development PartnerTraining partner for PM DAKSH skill development programs offering courses like General Duty Assistant (1000 hrs), Geriatric Care Aide (1000 hrs), Phlebotomist (1000 hrs). 100% training cost borne by Ministry grant.
• Apparel Training and Design Centre (ATDC)coreStrategic or Co-development PartnerTraining partner offering Self Employed Tailor (360 hrs), Sewing Machine Operator (285 hrs), Fashion Designer (720 hrs), Production Supervisor Sewing (800 hrs), Specialized Sewing Machine Operator (42 hrs) under PM DAKSH.
• Central Institute of Hand Tools (CIHT), JalandharcoreStrategic or Co-development PartnerMSME training institute offering Computer Hardware and Networking (80 hrs), AutoCAD (80 hrs), Graphics and Web Designer (390 hrs), PLC Programming (80 hrs) under PM DAKSH.
• CIPET (Central Institute of Petrochemicals Engineering and Technology)coreStrategic or Co-development PartnerTraining partner offering Machine Operator courses in Plastics Processing including Injection Moulding (960 hrs), Blow Moulding (480 hrs), Extrusion (480 hrs) under PM DAKSH.
• Indo German Tool Room (IGTR), AhmedabadcoreStrategic or Co-development PartnerMSME Technology Centre offering Certificate Course in CNC Milling (780 hrs) for skill training under PM DAKSH.
• Indian Institute of Entrepreneurship (IIE), GuwahaticoreStrategic or Co-development PartnerTraining partner offering Assistant Beauty Therapist (390 hrs), Assistant Electrician (400 hrs), Bamboo Utility Handicrafts Assembler (290 hrs), Self Employed Tailor (360 hrs), Vermicompost Producer (200 hrs), EDP (80 hrs).
• Indian Institute of Carpet Technology (IICT), SrinagarcoreStrategic or Co-development PartnerTraining partner offering Carpet Weavers Knotted course (450 hrs) for traditional carpet weaving skills under PM DAKSH.
• NIESBUD (National Institute for Entrepreneurship and Small Business Development)coreStrategic or Co-development PartnerTraining partner for EDP programs and courses including Assistant Electrician (400 hrs), Electrician Domestic Solutions (80 hrs), Fashion Designer (80 hrs), Field Technician Home Appliances (80 hrs), LED Light Repair (80 hrs), Welding Assistant (80 hrs).
• State Channelizing Agencies (SCAs)coreChannel Partner/ Reseller/ DistributorState nominated agencies including corporations like Andhra Pradesh BC Co-operative Finance Corp, Bihar State BC Finance Corp, Karnataka Devaraj Urs BCDC, Delhi SC/ST/OBC/Minorities Corp, etc. acting as channel partners for loan disbursement.
• State Bank of IndiacoreChannel Partner/ Reseller/ DistributorPan India PSB channel partner for VISVAS yojana providing concessional loans to backward classes through branch network.
• Bank of BarodacoreChannel Partner/ Reseller/ DistributorPan India PSB channel partner for both Concessional Scheme and VISVAS yojana.
• Canara BankcoreChannel Partner/ Reseller/ DistributorPan India PSB channel partner for both Concessional Scheme and VISVAS yojana.
• PM DAKSH Portal (NeGD)coreTechnology or IntegrationDigital platform developed by National eGovernance Division (NeGD) for skill training implementation with AI-based facial scanning, psychometric tests, and PFMS integration.
• NSE and BSE Social Stock ExchangecoreStrategic or Co-development PartnerNBCFDC is first Central Govt. of India undertaking to register with Social Stock Exchange on both NSE and BSE. Draft fund raising document filed on both exchanges.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• National Scheduled Castes Finance & Development Corporation (NSFDC): Sister corporation under Ministry of Social Justice and Empowerment providing concessional credit and skill development to Scheduled Castes. Operates an identical model of channelizing through SCAs and PSBs, making it the closest structural peer to NBCFDC.
• National Safai Karamcharis Finance & Development Corporation (NSKFDC): Another MoSJE undertaking offering concessional loans to Safai Karamcharis and their dependents. Shares NBCFDC's Section 25 not-for-profit structure, concessional lending model, and channel partner distribution approach.
• National Minorities Development & Finance Corporation (NMDFC): Government undertaking providing concessional credit to minority communities through state-level channelizing agencies. Closely mirrors NBCFDC's lending architecture, target segments, and product mix.
• National Handicapped Finance & Development Corporation (NHFDC): Provides concessional credit to persons with disabilities for self-employment and education. Shares the same parent ministry framework and concessional lending mechanism as NBCFDC.
• Tribal Cooperative Marketing Development Federation of India (TRIFED): Ministry of Tribal Affairs undertaking focused on tribal artisan marketing and procurement. Peer in the Bharat Tulip-style artisan marketplace space, serving tribal artisans through exhibitions and digital platforms.
• National Scheduled Tribes Finance & Development Corporation (NSTFDC): Ministry of Tribal Affairs undertaking extending concessional credit to Scheduled Tribes via state agencies. Functionally identical to NBCFDC's mandate but focused on STs rather than OBCs.

Broad incumbents

• Small Industries Development Bank of India (SIDBI): Principal financial institution for MSME development in India and ex-officio board member of NBCFDC. Provides broader direct MSME lending and refinance, of which NBCFDC's SCAs are a smaller subset.
• National Bank for Agriculture and Rural Development (NABARD): Apex institution for agriculture and rural credit with ex-officio board representation on NBCFDC. Operates rural lending and refinancing at much larger scale, providing structural context for NBCFDC's developmental finance role.
• Jan Dhan Yojana (PMJDY) - Department of Financial Services: Government's flagship financial inclusion program delivering zero-balance bank accounts and overdraft facilities. Comparable mission-driven mandate for underserved segments, but delivered through banking infrastructure rather than concessional credit.
• National Skill Development Corporation (NSDC): Apex skilling body that overlaps with NBCFDC's PM DAKSH program. Manages a larger network of training partners and skilling schemes across India, providing benchmark capabilities for NBCFDC's training portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nbcfdc
• Facebookfacebook.com/nbcfdcgov
• LinkedInlinkedin.com/company/nbcfdc

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about National Backward Classes Finance & Development Corporation