Ministry of Social Justice & Empowerment
The Path to Self-Reliance with NSFDC
PrelimsMainsGS2GS3GovernanceEconomySocial JusticeGovernment Schemes
Source-grounded summary
The Press Information Bureau release highlights the success story of Mr. Ankush Karande from Thane, Maharashtra, who achieved economic self-reliance through the NSFDC Term Loan Scheme. After learning about the scheme through a newspaper, he applied for financial assistance via LIDCOM. He received a loan of ₹3.75 lakh on August 30, 2024, enabling him to establish a footwear shop at Court Naka, Thane. His business currently generates a gross monthly income of ₹30,000 to ₹40,000, demonstrating the role of the National Scheduled Castes Finance and Development Corporation (NSFDC) in supporting aspiring entrepreneurs with sustainable livelihoods.