National Schedule Caste Finance and Development Corporation

National Schedule Caste Finance and Development Corporation

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In India the schedule caste and schedule tribe consist of 16.6% and 8.6%, respectively (according to the 2011 census). MESC partnered with National Schedule Caste Finance and Development Corporation in the year 2018 with a mission to promote prosperity among Scheduled Castes by improving flow of financial assistance and through skill development & other innovative initiatives.

Eligibility criteria for being a part of this scheme include, the beneficiary should be from the Scheduled Castes Community. The Annual family income of the beneficiary should not exceed Double the Poverty Line (DPL) income limit which is presently upto Rs.98,000/- p.a. for rural areas and Rs.1,20,000/- p.a. for urban areas. NSFDC provides term loan up to 90% of the cost of project, subject to the condition that the SCAs contribute their share of assistance as per their schemes and also provide the required subsidy besides tying up of the financial resources from other sources available.

MESC is currently in the process to train more than 1,500 candidates during the year 2018-2019 and will do anything that they can to help them be economically independent.

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