10th April, 2003
Ministry of Tribal Affairs  


A WEBSITE OF NSTFDC UNDER TRIBAL AFFAIRS MINISTRY LAUNCHED


The National Scheduled Tribes Finance and Development Corporation (NSTFDC) here today launched a website inter-alia containing details of the procedure to avail financial assistance from this organisation. The website can be visited at www.nstfdc.nic.in.

NSTFDC is a premiere institution under the Ministry of Tribal Affairs which provides focus attention for the economic development of the Scheduled Tribes in the country. For the launching of the website a special function was organised in PIB Press Conference Hall, Shastri Bhavan where the Minister for Tribal Affairs, Shri Jual Oram briefed the gathering on the efficacy of the website. The Videoconference formed part of the function and during the Videoconference, Shri Jual Oram and Shri Faggan Singh Kulaste, MOS for Tribal Affairs interacted with the Press through the PIB set up at Bhubaneswar, Hyderabad and Gandhinagar (Ahmedabad) through NIC network. Representatives from several NGOs who are engaged for economic development of tribals in the country participated in the Conference on this occasion.

NSTFDC was set up in April, 2001 under the aegis of Ministry of Tribal Affairs to provide focussed attention for the economic development of Scheduled Tribe population. It provides concessional financial assistance to the ST persons having annual family income up to double the poverty line, through the State Channelising Agencies (SCAs) and other recognised institutions nominated by the respective State/UT Governments. It also provides Working Capital Loan through the SCAs and to Government owned institutions/National level federations like TRIFED FOR SUPPORTING MARKETING ACTIVITIES of agricultural/minor forest produce and Tribal products. During 2002-03, NSTFDC launched a new scheme titled ‘Adivasi Mahila Sashaktikaran Yojana’ for providing concessional financial assistance scheme exclusively for the economic development of ST women beneficiaries. Under the scheme NSTFDC provides term loan for schemes(s)/project(s) costing within Rs. 50,000/- per unit upto 90% of the unit cost/profit centre at interest @ 2% p.a. chargeable from the SCAs and SCAs may charge upto 4% p.a. from the ultimate women beneficiaries. During 2002-03, the Corporation has sanctioned 154 schemes/projects having NSTFDC’s share of Rs. 98.89 crores for assisting 178999 ST persons against sanctions target of Rs. 80.00 crores. Disbursements during the year amounted to Rs. 42.16 crores. The Corporation has set a sanction target of Rs.100.00 Crores for the year 2003-04.