1Tanuja Suman, Assistant Professor, Department of Commerce and Accountancy, Thakur College of Commerce and Science, Navi Mumbai, Maharashtra, India.
*Corresponding Author Tanuja Suman, Assistant Professor, Department of Commerce and Accountancy, Thakur College of Commerce and Science, Navi Mumbai, Maharashtra, India. Email: tanujasuman@rtccs.edu.in
The National Backward Classes Finance and Development Corporation (NBCFDC) plays a pivotal rolein promoting the economic empowerment of backward classes in India through various enterprisedevelopment programs. Established under the Ministry of Social Justice and Empowerment, NBCFDCprovides financial support, skill development, and other resources to foster entrepreneurship amongeconomically disadvantaged communities. The corporation offers a range of financial products, including loans, subsidies, and venture capital funds, aimed at improving the economic conditions ofbackward classes. This paper explores NBCFDC’s mission, the types of entrepreneurial schemes itsupports, and its impact on the socio-economic development of backward classes. With a focus onproviding access to financial resources and skill training, NBCFDC helps individuals and communitiesachieve financial independence and long-term sustainability through entrepreneurship.
NBCFDC, Entrepreneurship, Schemes, Loan, Women Empowerment, Self-Help Groups
