SHARP INCREASE IN THE COVERAGE OF
BENEFICIARIES BY NATIONAL SCHEDULED CASTES FINANCE AND DEVELOPMENT
CORPORATION
There has been
a significant increase in the coverage of beneficiaries and funds
distributed by the National Scheduled Castes Finance and Development
Corporation (NSFDC) in recent years. The average growth rate of
number of beneficiaries covered by the schemes of NSFDC during
the five year period upto 1999-2000 has been 7.4 percent which
increased to 32.28% during 2001-02.
|
Financial year
|
No. of Beneficiaries
|
Cumulative
no. of beneficiaries
|
Year wise %
increase
|
|
1989-90
|
2521
|
2521
|
|
|
1990-91
|
100497
|
103018
|
3986.39
|
|
1991-92
|
33964
|
136982
|
32.97
|
|
1992-93
|
24484
|
161466
|
17.87
|
|
1993-94
|
1722
|
163188
|
1.07
|
|
1994-95
|
5571
|
168759
|
3.41
|
|
1995-96
|
19532
|
188291
|
11.57
|
|
1996-97
|
10981
|
199272
|
5.83
|
|
1997-98
|
10342
|
209614
|
5.19
|
|
1998-99
|
141222
|
223736
|
6.74
|
|
1999-2000
|
17252
|
240988
|
7.71
|
|
2000-01
|
52861
|
293847
|
21.94
|
|
2001-02
|
94845
|
388694
|
32.28
|
|
Total
|
388694
|
|
|
Commensurate
with this trend, there is a sharp increase in the funds disbursed
by NSFDC over the past two years.
The objective
of the NSFDC is to finance income generating activities for benefiting
scheduled castes population living below double the poverty line,
i.e., where the annual income of the beneficiary does not exceed
Rs. 40,000 in rural areas and Rs.55, 000 in Urban areas. The Corporation
extends concessional financial assistance through the State Chanelising
Agencies, SCAs. It provides loans at concessional interest rates
which vary from scheme to scheme as follows:
|
Scheme
|
Amount of Loan
per Unit/ Profit Centre
|
Interest
|
|
|
To SCA
(%p.a.)
|
To Borrower
(% p.a)
|
|
a) Micro-Credit Finance
|
Upto Rs. 25000
|
2
|
5
|
|
b) Term Loan
|
Upto Rs. 5.00 lakhs
|
3
|
6
|
|
c) Term Loan
|
Above Rs. 5.00 lakhs
|
5
|
8
|
|
d) Working Capital Loan
|
Upto Rs. 7.00 lakhs
|
8
|
10
|
|
e) Seed Capital Assistance
|
Upto Rs. 10.00 lakhs
|
1
|
2
|
|
f) Bridge Loan
|
Project costing upto Rs.30 lakhs
|
3-5
|
6-8
|
These interest rates are applicable since October
1, 2002 after modifying the earlier interest rate structure. Non-utilization
of released funds by SCAs attracts higher rate of interest varying
from 8 to 10 percent on term loans. This is to encourage SCAs
to utilize the funds. The proportion of interest received on loans
to total income has increased to 70 percent. It has been found
that the establishment cost to interest on loans rates of NSFDC
is very low as compared to the same ratio for the SCAs.
(Rs. in
Lakhs)
|
Financial Ratios
|
2001-02
|
2000-01
|
1999-2000
|
|
Profitability Ratios
|
- Establishment cost to intt on Loans
|
19.72
|
15.66
|
16.06
|
|
b) Interest received on Loans to total
income
|
70.20
|
57.33
|
54.22
|
|
c) Administrative Expenses to total income
|
7.10
|
4.57
|
4.20
|
|
d) Establishment Cost to total income
|
13.85
|
8.98
|
8.72
|
