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 -



Agriculture & Small irrigation


Animal Husbandry




Village Industries




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)