Himachal Backward Classes Finance & Development Corporation (HBCFDC), a Government of Himachal Pradesh Undertaking under the aegis of Ministry of Social Justice and Empowerment, was set-up on 31st January, 1994 as a Company under Section 25 of the Companies Act, 1956 with an authorized share capital of Rs.10 Crores. The main objective of the Corporation is Social, Economic and Educational upliftment of the people belonging to the Backward Classes of Himachal Pradesh whose annual family income does not exceed Rs.40,000 for those residing in the Rural Areas and Rs.55,000 for those residing in the Urban Areas and aged between 18 to 55 years.

The Corporation provides loans to eligible beneficiaries for approved Schemes (as per Brochure enclosed). At present, the project cost is shared 85% by NBCFDC, 10% by HBCFDC and the remaining 5% by the beneficiaries. The amount is repayable in 5 years in 20 equal quarterly instalments. The NBCFDC has approved 54 Schemes for the purpose of sanctioning loans to the beneficiaries.

Click here to view the list of the various loan schemes