The J&K SC, ST & BC Development Corporation Ltd; was established in 1986 within the meaning of section 3(1) (iii) of the Company Act, 1956 (A non-profit making company). It is wholly owned by the J&K Govt. and is managed by the Board of Directors nominated by the J&K Govt.
The prime objective of the Corporation is to work for socio-economic and educational upliftment of its target group people belonging to Scheduled Castes, Scheduled Tribes, Backward Classes, Notified National Minorities, Safai Karamcharis / Scavengers & Handicapped, to take wide range of socio-economic activities, to provide better self employment avenues so that they can become economically dependant and self reliant members of the society.
The corporation is providing Financial Assistance in shape of subsidy (under SCA to SCP & SCA to TSP grants for SC’s. ST’s and OBC’s grants for Backward Classes) and loans in collaboration with Banks(Bank Tie-ups) and with the following National Level Corporations ( under Direct Financing Programmers) for establishment of income generating units/self employment ventures.
- National Scheduled Castes Finance & Dev. Corporation (NSFDC) New Delhi, (for Scheduled Castes).
- National Scheduled Tribes Finance & Dev. Corporation (NSTFDC) New Delhi, (for Scheduled Tribes). National Minorities Dev. & Finance Corporation (NMDFC) New Delhi (for National Minorities Male members).
- National Backward Classes Finance & Dev. Corporation (NBCFDC) New Delhi, (for Backward Classes).
- National Safai Karamcharis Finance & Dev. Corporation (NSKFDC) New Delhi, (for Safai Karamcharis, Scavengers & their Dependants).
- National Handicapped Finance & Dev Corporation (NHFDC), New Delhi (for Handicapped male members).
These Apex Corporations provide the funds for setting up of income generating units, as per the following pattern:-
National Level Corporation’s Share = 80-90%
Corporation’s Share = 5-10%
Beneficiary’s Contribution = 5-10%
Interest on Loan = 4-10% (depending upon quantum of loan)
Any economical viable activity/scheme can be taken up for financing, mainly under the broad sectors like; Transport Sector activities, Agriculture & Allied Activities; Small Business/ Trade, Tiny/ Cottage industry or Service activities, Artisan & Traditional activities etc.
Financing Programmes under Direct Financing Schemes:
(i). TERM Loan Scheme
Under the Term Loan scheme, usually the Projects costing up to Rs. 5.00 Lakhs are considered. The Projects costing up to Rs. 30.00 Lakhs for SC’s, upto Rs.10.00 Lakhs each for ST’s & Safai Karamcharis, upto Rs. 5.00 Lakhs each for BC’s & National Minorities and upto Rs. 25.00 Lakhs for Handicapped categories can also be considered subject to allocation is provided by the respective National Level Corporations.
Interest: 6%-10% depending upon quantum of loan.
(ii) . Micro Credit Finance Scheme (MCF)
The loans upto Rs.30,000/- @5% interest p.a., to be repaid in ‘36’ months, for need based activities, is being provided under the scheme.
(iii). Mahila Samridhi Yojana (MSY)
The loans, to Sch. Castes category women, upto Rs.30,000/- @ 4% interest p.a., to be repaid in ‘36’ months, for need based activities, is being provided under the scheme.
(iv). Adiwasi Mahila SashaktikaramYojana (AMSY):
The loans, to Sch. Tribes category women, upto Rs.50,000/- @ 4% interest p.a., to be repaid in ‘54’ months, for need based activities, is being provided under the scheme.
(v). Mahila Kissan Yojana (MKY)
The loans, to Sch. Castes category women, upto Rs.50,000/- @ 4% interest p.a., to be repaid in ‘54’ months, for need based activities under Agricultural and Allied Activities to Agriculture sector, is being provided under the scheme.
(vi). Mahila Adikrikta Yojana Scheme ( MAY)
The loans, to Safai Karamcharis category women, upto Rs.50,000/- @ 5% interest p.a., to be repaid in ‘54’ months, for need based activities, is being provided under the scheme.
(C ). Educational Loan
The scheme is for pursuing professional and Technical courses by target group categories students. The Educational Loan is available, in collaboration with National Level Corporations, i.e. for Minorities & BC categories students upto Rs.2.50 lacs & Rs.5.00 Lacs respectively, for Safai Karamcharis and Handicapped categories upto Rs. 10.00 Lacs for studies in India and upto Rs.20.00 Lacs for studies in abroad and for SC category students upto Rs. 7.50 Lacs for studies in India and upto Rs.15.00 Lacs for studies in abroad.
The interest rate is 3-6%.
D). Skill Development Programme
The corporation has been undertaking various skill development programme by imparting training to the candidates of the target groups to develop their skills and knowledge with a view to enhance their competence for wage employment /self employment.
E). Marketing
Besides other development activities, the corporation is promoting marketing facilities for the beneficiaries by providing then opportunities in the country’s leading fairs, like “India International Trade fair, Pragati Maidan, New Delhi, Dilli Haat , Surajkund Craft mela etc. as well as in exhibitations/fairs organized in the states. The events not only much needed marketing exposures to the beneficiaries but also provide an opportunity to market their products at good price which usually they find difficult in their own places.
The corporation upto 31.10.2010 has covered 28,269 persons ( including 25,295 under Bank Tie-ups & 2,874 under Direct Financing Schemes in collaboration with Apex Level Corporations) of the target groups by providing financial assistance to the tune of Rs.105.19 crores ( including Rs. 13.56 crores subsidy, 48.27 crores bank Loan and Rs.43.36 crores under Direct Financing schemes.
Scheduled Castes, Scheduled Tribes, Backward Classes, Notified National Minorities ( living Below Double the poverty line), Safai Karamcharis/ Scavengers (no income criteria)& Handicapped in age group of 18-60 years and living below annual monthly family income Rs.three lacs in Rural Areas and Rs. Five Lacs in Urban Areas.
The target group people must come forward to avail the full benefits of the schemes/ programmes of corporation and become economically dependant and self reliant members of the society
Citizens Charter
ORGANIZATION