Backward Classes Welfare Department, Purulia

 

West Bengal S.C. and S.T. Development & Finance Corporation

 

Performance of West Bengal SC & ST Development & Finance Corporation in implementation of different Family Oriented Income Generating Schemes:

 

The West Bengal Schedule Castes & Schedule Tribes Development & Finance Corporation was set up in the year 1976 with the object to uplift the economic conditions of the poor SC and ST people of the State who are deprived since ages. The Corporation executes several economic development income generating schemes viz. SCP, NSFDC, NSTFDC, NSKFDC, SRMS, MSY, AMSY etc.

 

Special Central Assistance to Special Component Plan (SCP):

 

Special Component Plan for Scheduled Castes living below the Poverty Line.
Annual family income : Rs. 19,654/- (Rural) and Rs. 27,247/- (urban).

 

The Corporation provides assistance to the target group people on individual or cluster basis for undertaking income generating schemes under six broad sectors like -

 

i)

Agriculture & Small irrigation

ii)

Animal Husbandry

iii)

Fisheries

iv)

Village Industries

v)

Business

vi)

Small Transport

 

One of the unique features of SCP is that the Corporation provides margin money loan at a very nominal rate of interest (4% per annum) out of its share capital. Means of finance in these schemes consists of three components :


(a) Subsidy
(b) Margin Money
(c) Bank Loan  

 

Presently Margin Money Loan is extended upto the project cost of Rs. 20,000/- @ 5% of the project cost or Rs. 1,000/- whichever is higher. Subsidy is restricted to 50% of the project cost or Rs. 10,000/- whichever is less. The limit of project cost is however Rs. 35,000/- under these medium term lending programme (MTL).

 

 

(Source: PO cum DWO, BCW, Purulia)