Ministry of Social Justice & Empowerment
Financial Support Today, Self-Reliance Tomorrow
PrelimsMainsGS2GS3GovernanceEconomySocial JusticeGovernment Schemes
Source-grounded summary
This press release details the economic journey of Shri Harmesh Singh from Patiala, Punjab, who availed a loan of Rs. 3 lakh in 2025 under the NSFDC Term Loan Scheme through the Punjab SC Land Development & Finance Corporation. The financial support allowed him to set up an electrical goods business, increasing his monthly income from Rs. 14,000 to Rs. 22,000 post-repayment. The release highlights how timely financial assistance from the National Scheduled Castes Finance and Development Corporation (NSFDC) aids disadvantaged communities in establishing sustainable livelihoods and achieving economic self-reliance.