SIGNIFICANT INCREASE IN MICRO-CREDIT FINANCING BY THE NATIONAL
SCHEDULED CASTES FINANCE AND DEVELOPMENT CORPORATION
There has been considerable
increase in Micro-Credit Financing (MCF) by the National Scheduled
Castes Finance and Development Corporation (NSFDC) during the
last two years. It increased from 14% during 2001-2002 to 18%
in 2002-2003 of the total amount of disbursement. The MCF scheme
was started by NSFDC in 1999-2000. It is meant to provide concessional
financial assistance for income generating units to persons belonging
to scheduled castes living below double the poverty line, i.e.,
where the annual income does not exceed Rs. 40,000 for rural areas
and Rs.55,000 for Urban areas. The Corporation provides loans
under MCF Scheme upto Rs. 25,000 per unit through the State Chanelising
Agencies, SCAs at concessional interest rate of 5%.
| |
2001-2002
|
2002-2003
|
|
Scheme
|
Sanctions
(Rs. in
Cr)
|
Disbursement
(Rs. in
Cr.)
|
No. of
Beneficiaries
|
Sanctions
(Rs.in Cr.)
|
Disbursement
(Rs. in Cr.)
|
No. of
beneficiaries
|
|
Regular Scheme
|
204.01
|
149.61
|
46596
|
215.44
|
131.33
|
32490
|
|
MCF
|
29.91
|
24.19
|
48249
|
37.00
|
28.74
|
47496
|
|
Total
|
233.92
|
173.80
|
94845
|
252.45
|
160.07
|
79986
|
The major overall
lending by the NSFDC except in Andhra Pradesh, Tripura and West
Bengal has been in the Transport sector, which has been 39%. The
lending in the Agriculture sector has been 34% followed by the
service sector and others which constituted 24% of lending and
3% in the Industry sector.
The lending proportion
achieved are
|
State Channelising
Agency
|
Agricultural
|
Industry
|
Transport
|
Service &
Others
|
Total
|
|
Andhra Pradesh
|
64.16
|
3,57
|
21.17
|
11.10
|
100.00
|
|
Assam
|
2.05
|
2.76
|
61.57
|
33.62
|
100.00
|
|
Bihar
|
25.88
|
2.83
|
53.12
|
18.17
|
100.00
|
|
Haryana
|
13.71
|
0.64
|
82.37
|
3.28
|
100.00
|
|
Madhya Pradesh
|
10.24
|
7.22
|
67.12
|
15.42
|
100.00
|
|
Maharashtra
I
|
21.44
|
6.01
|
51.87
|
20.68
|
100.00
|
|
Maharashtra
II
|
22.62
|
4.63
|
43.75
|
29.00
|
100.00
|
|
Tamilnadu
|
20.07
|
5.79
|
58.22
|
15.92
|
100.00
|
|
Tripura
|
18.25
|
9.35
|
29.09
|
43.31
|
100.00
|
|
Uttaranchal
|
4.44
|
0.00
|
52.70
|
42.86
|
100.00
|
|
West Bengal
|
41.67
|
3.76
|
31.66
|
22.91
|
100.00
|
|
Total
|
34.00
|
3.00
|
39.00
|
24.00
|
100.00
|
According to the
guidelines the lending should have been 50% in the Agriculture
sector, 40% in Service sector and 10% in Industry sector. The
shortfall in meeting the guidelines, according to SCA officials,
is because agriculture loans are too small considering the approved
price of land in various states. Similarly, most beneficiaries
are not able to raise supporting finance and required know-how
to start the industrial units. As far as higher disbursements
in transport sector are concerned, the officials say, it is easy
to finance in this sector, since the SCAs have a collateral security
which can be easily liquidated.
