Nation

National Backward Classes Finance & Development Corporation records highest-ever disbursement of ₹613 crore

The National Backward Classes Finance and Development Corporation has achieved the highest-ever disbursement of six hundred 13 crore rupees, benefiting sixty one thousand 621 beneficiaries in the financial year 2025-26. The Ministry of Social Justice and Empowerment said that the figure is an increase of approximately 16 percent over the financial year 2024-25. It said that the Corporation ensured 100 percent geographical coverage and achieved about 99 percent utilization of available funds.

The Ministry further noted that the Corporation fully utilized the allocated grant of 35 crore rupees under the VISVAS Interest Subvention Scheme in the financial year 2025-26. The Ministry said the Corporation achieved full utilization of funds released by the Ministry under the National Fellowship for OBCs and also achieved near-complete utilization of the PM-DAKSH grant of 45 crore rupees, during the same period.

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