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NSFDC sanctions Rs 27.18 crore in last two years

Press Trust of India  |  New Delhi 

State-run NSFDC in last two years has sanctioned Rs 27.18 crore and disbursed Rs 14.25 crore to many beneficiaries from to set up their own business and for other income generating activities.

Officials of National Finance and Development Corporation (NSFDC) informed the parliamentary consultative committee that the company has provide funds for financing 443 units of Poly House in Andhra Pradesh, and for 1,855 units of E-Rickshaw in Bihar, Delhi, Jharkhand, Maharashtra, and

NSFDC is a public sector enterprise under the ambit of Social Justice Ministry.

The 4th meeting of the Parliamentary consultative committee was held yesterday at Mysore under the Chairmanship of Union Minister Thawar Chand Gehlot, according to an official statement.

Social Justice Secretary Anita Agnihotri and CMD NSFDC Shyam Kapoor also participated in the meeting.

Delivering welcome address, Gehlot gave an overview of various welfare schemes of the Ministry and NSFDC.

He informed that NSFDC has 11 loan schemes and 1 grant scheme. Financial assistance is provided under the loan schemes ranging from Rs 50,000 to Rs 30 lakh to entrepreneurs for setting up their own business ventures through channel partners, the statement added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 22:07 IST