The Scheme for release of equity support to the National Scheduled Tribes Finance and Development Corporation (NSTFDC) and State Scheduled Tribes Finance and Development Corporations (STFDCs) is a centrally sponsored scheme under which Central Government provides equity support to NSTFDC and STFDC under the Ministry of Tribal Affairs.
The ratio of Share Capital contribution between the Centre and States is of 49: 51.
NSTFDC is an apex organization for economic upliftment of Scheduled Tribes and it fulfills its objectives by providing financial assistance at concessional rate of interest varying between 4% & 8% payable by the beneficiaries.
The financial assistance of the corporation is extended to STs having annual family income up to double the poverty line (DPL) through State Channelizing Agencies nominated by respective State Governments in addition to certain Regional Rural banks and PSU Banks. Financial assistance is provided for all kinds of viable income generating activity. The targeted beneficiaries get easy loans at lower rates of interest.
