28-Jul-2021: Funds provided to NBCFDC
The amount/funds provided by the Ministry to the National Backward Classes Finance and Development Corporation (NBCFDC) during the last three years is as under:-
|
Financial Year |
Funds provided by Government to NBCFDC (Rs. Cr.) |
|
2018-19 |
100.00 |
|
2019-20 |
130.00 |
|
2020-21 |
55.40 |
The Corporation has been able to meet the entire demand of funds received from the Channel Partners (State Channelizing Agencies/Public Sector Banks/Rural Regional Banks)with equity received from the Ministry and recovery of dues from its Channel Partners.
13-Jan-2017: NBCFDC celebrates Silver Jubilee
Shri Thaawarchand Gehlot, Minister for Social Justice and Empowerment inaugurated the Silver Jubilee celebrations of National Backward Classes Finance & Development Corporation (NBCFDC), a Govt. of India Undertaking under the aegis of Ministry of Social Justice and Empowerment.
Shri Gehlot distributed the performance Awards to the Channel Training partners of NBCFDC and launched the pilot of Loan & Employee Information Automation Project (LEAP) system. He released a short film “Hamari Kahani” based on the experiences of beneficiaries of NBCFDC and a book entitled “Safalata Ki Kahaniyan” brought out by NBCFDC on the success stories of the beneficiaries on the occasion.
In his address, Shri Gehlot said that the Ministry of Social Justice and Empowerment is working through channelizing agencies and banking institutions in all States for the welfare of Backward classes. He said that all Corporations under his ministry are working very effectively in the service of needy persons. M/o Social Justice and Empowerment organizes Job Fairs regularly through its Corporations for providing Jobs to the youths of these classes. He opined that Training improves the personality. He said that without “People’s participation”, such schemes can’t succeed. He called upon people to take advantage of various schemes of these corporations of Ministry of social Justice and empowerment.
National Backward Classes Finance & Development Corporation (NBCFDC) is a Govt. of India Undertaking under the aegis of Ministry of Social Justice and Empowerment. NBCFDC was incorporated under Section 25 of the Companies Act 1956 on 13th January 1992 as a Company not for profit with an objective to promote economic and developmental activities for the benefit of Backward Classes and to assist the poorer section of these classes in skill development and self-employment ventures. NBCFDC provides financial assistance through State Channelising Agencies (SCAs) nominated by the State Governments/ UTs. NBCFDC also provides Micro Financing through SCAs/ Self Help Groups (SHGs). The Corporation can assist a wide range of income generating activities to assist the poorer section of these classes in skill development and self-employment ventures under following broad sectors :
1. Agriculture and Allied Activities
2. Small Business / Artisan and Traditional Occupation
3. Service / Transport Sector etc.
4. Technical and Professional Trades/Courses
Source: PIB & NBCFDC
19-Jul-2021: Government sets up Dairy Investment Accelerator to promote & facilitate investments in the Dairy sector
The Department of Animal Husbandry & Dairying (DAHD), Government of India, with a view to provide dedicated focus towards promoting & facilitating investments in the Indian Dairy sector, has setup Dairy Investment Accelerator under its Investment Facilitation Cell. This Investment Accelerator is a cross functional team constituted to serve as the interface with investors. It shall provide support across the investment cycle:
- Offering specific inputs for evaluation of investment opportunities
- Addressing queries about application to govt. schemes
- Connecting with strategic partners
- Providing on-ground assistance with state departments & relevant authorities
Further, the Dairy Investment Accelerator will work with DAHD to organize a series of events with global & local industry participants and one-on-one discussions with the investors to understand their perspectives, facilitate direct interactions with government officials and connects with other players in the industry.
Dairy Investment Accelerator is also generating awareness among investors about Animal Husbandry Infrastructure Development fund (AHIDF). AHIDF is one of the flagship schemes by DAHD, Government of India whereby Rs. 15,000 crore fund has been setup for offering financial support to entrepreneurs, private companies, MSME, Farmers Producers Organizations (FPOs), and Section 8 companies. Eligible entities can avail the benefits of the scheme to set up new units or expand existing units in areas of dairy processing & related value addition infrastructure, meat processing & related value addition infrastructure and Animal Feed Plant. The benefits available are:
- 3% interest subvention on loans
- 2-year moratorium with 6-year repayment period
- INR 750 Cr credit guarantee
The DAHD encourages all the private companies, individual entrepreneurs, and start-ups, who are interested in investing in Dairy sector, to reach out to the Dairy Investment Accelerator on This email address is being protected from spambots. You need JavaScript enabled to view it..
India is the largest milk producer contributing 23% of global milk production. Annual milk production in the country has grown by 6.4% (CAGR) in the past 5 years. Dairy is a high priority sector for Government of India due to its socio-economic significance. It is the single largest agricultural commodity contributing 5% of the national economy and employing 80 Mn+ farmers directly. Further, the country boasts a large domestic packaged dairy products of market worth Rs. 2.7-3.0 lakh crore witnessing a strong double-digit growth.
The market growth in Dairy requires support of significant infrastructure investment across processing, chilling, logistics, cattle feed etc. Further, lucrative untapped opportunities exist in areas such as value-added dairy products, organic/ farm fresh milk and exports. The Dairy sector has seen substantial foreign direct investment (FDI) constituting about 40% of FDIs Indian food sector. To facilitate the infrastructure growth, Central/ State Governments have released various incentives to attract investments in this sector.
6-Apr-2021: Rs 2,74,034 crore Foreign Portfolio Investments (FPI) inflows in Indian equity markets
Financial Year (FY) 2020-21 witnessed strong Foreign Portfolio Investment (FPI) inflows into the Indian equity markets of Rs 2,74,034 crore, thus, reflecting steadfast confidence of foreign investors in the fundamentals of the Indian Economy.
The robust FPI flows came on the back of faster than expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The Government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for FPIs in the recent past. These include simplification and rationalisation of the FPI regulatory regime, operationalisation of the online Common Application Form (CAF) for the purpose of registration with SEBI, allotment of PAN and opening of bank and Demat accounts etc. The increase in aggregate FPI investment limit in Indian companies from 24% to the sectoral cap has been a catalyst for increase in weightage of Indian securities in major equity indices, thus mobilising massive equity inflows, both passive and active, into Indian capital markets.
The growth forecast for India in FY 2021-22 have been pegged above 10% by the World Bank, IMF and several global research organisations underscoring that India will continue to remain an attractive investment destination in the near future.