An Appreciation from NSFDC

Mr.R R Singh Chairman & Managing Director and C Ramesh Rao Asst. General Manager of National SC & ST Finance & Development Corporation visited the Don Bosco Human Resource Development Center at Gagillapuram and interacted with the students on 14 February, 2015. The students invited the visitors with welcome songs and provided refreshments.

Mr.Singh shared with the students briefly about how the NSFDC was setup by the Govt. of India on February 08, 1989 with the name National Scheduled Castes and Scheduled Tribes Finance and Development Corporation (NSFDC). It was incorporated as a fully owned Government Company under Section 8 of the Companies Act, 2013.

NSFDC is the apex institution for financing, facilitating and mobilizing funds from other sources and promoting the economic development activities of the persons belonging to the Scheduled Castes living below double the poverty line.

It has been assigned the task for financing, facilitating and mobilizing funds for the economic empowerment of persons living below Double of the Poverty Line (DPL). It provides financial assistance for income generating schemes for the target group through state Channelizing Agencies (SCAs) which are nominated by respective State/UT Government. This is managed by a Board of Directors with representation from Central Government, State Scheduled Castes Development Corporations, Financial Institutions and non-official members representing Scheduled Castes. Mission is to be the leading catalyst in systematic reduction of poverty through socio-economic development of Scheduled Castes living below double the poverty line, working in an efficient, responsive and collaborative manner with channelizing agencies and other development partners and to Promote prosperity among Scheduled Castes by improving flow of financial assistance and through skill development & other innovative initiatives.

The officials then had an informal interaction with the students.

Feed back by the Guests:-

“I am very happy to meet with the students and faculty of the institution. I hope this institution will emerge as a well known center for learning in the near future. I wish all success to the team of this institution. Thanks for making our time memorable.” Mr.RR Singh – CMD, NSFDC

“The facilities and infrastructure here is very good. I wish the center all success and hope that the trainees will learn the industry relevant skills and get good placements. All the best. ” Mr.Ramesh Rao AGM, NSFDC