Which Ministry does the National Scheduled Castes Finance and Development Corporation (NSFDC) operate under?

Ministry of Social Justice and Empowerment. The correct answer is Ministry of Social Justice and Empowerment. NSFDC is a PSU under this ministry. The Government of India owns all of it. NSTFDC, the body for STs, works under Tribal Affairs instead. Read more: NSFDC (National Scheduled Castes Finance and Development Corporation), Public Sector Enterprises.

From 7 January 2026, what is the yearly family income limit for an NSFDC loan?

₹5 lakh. The correct answer is ₹5 lakh. It applies in both rural and urban areas. The old limit was ₹3 lakh, in force from 8 March 2018. Skill training has no income limit. Read more: NSFDC (National Scheduled Castes Finance and Development Corporation), Welfare Schemes for SC, ST and Backward Classes.

NSFDC was set up in 1989. From which date has it worked only for Scheduled Castes?

10 April 2001. The correct answer is 10 April 2001. The old joint body served both SCs and STs. After the split, NSTFDC took the ST work. 8 February 1989 is the date NSFDC was set up. Read more: NSFDC (National Scheduled Castes Finance and Development Corporation), Article 46 of the Constitution.

Which statement about how NSFDC lends is correct?

Borrowers apply through channel partners or the PM-SURAJ portal. The correct answer is Borrowers apply through channel partners or the PM-SURAJ portal. NSFDC does not take direct applications. Its 102 partners take forms, pay out loans and collect repayments. Read more: NSFDC (National Scheduled Castes Finance and Development Corporation), Non-Banking Financial Companies (NBFCs) in India.

In NSFDC's 2026 impact study, how many of the 705 women homemakers became self-employed?

674. The correct answer is 674. That is 95.60% of the 705 homemakers. The study covered a sample of 5,480 borrowers from 11 states and UTs. Read more: NSFDC (National Scheduled Castes Finance and Development Corporation), Urbanization, Self-Help Groups and Women's Economic Empowerment.

What share of Term Loan and Micro Finance funds does NSFDC target for women?

40%. The correct answer is 40%. This target covers the Term Loan and Micro Finance schemes. Up to 31 March 2024, women were 60.27% of all NSFDC borrowers. Read more: NSFDC (National Scheduled Castes Finance and Development Corporation), Urbanization, Self-Help Groups and Women's Economic Empowerment.

Under NSFDC’s Term Loan scheme, what interest does the borrower pay?

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