The Corporation is working for the Social,
Economic and Educational upliftment of the
people belonging to the Backward Classes of
Himachal Pradesh. HBCFDC provides facilities to
those whose annual family income from all
sources is below
Rs.40,000 in the Rural Areas and is below
Rs.55,000 for the families residing in Urban Areas
and the age between 18 to 55 years.
The Corporation raises loan from NBCFDC against the project profiles of different
Schemes. At present 85% of the Project Cost
is borne by the NBCFDC, 10% by the HBCFDC and
balance 5% is the share of the beneficiary. In case
of loan under Swarnima Scheme 95% of the Project cost is borne by the NBCFDC and remaining 5% by the HBCFDC.
HBCFDC provides Educational Loan to the
students of Backward Classes living well below
the poverty line or whose family income is less
than Rs.40,000 in Rural Areas and Rs.55,000 in
Urban Areas (For pursuing professional /
technical education at graduate and post
graduate levels). The rate of interest is 4%
p.a. to the beneficiaries. The loan limit per
student is Rs.1, 25,000 per year subject to
maximum of Rs.5,00,000 or actual expenses for the entire
The Corporation also provides Interest Free
Study Loan to the deserving poor students
with having their annual family income upto
Rs.36000 for pursuing technical & higher degree/diploma courses beyond
High School stage
at Rs.10,000 per year or
The Corporation is providing loan to promote Micro Finance Scheme for improvement of credit facilities for the target groups, specially for women beneficiaries.
The Corporation has adopted Micro Finance through Self Help Group (SHG's). The loan upto
Rs.25000 per beneficiary is given under this Scheme.
The Corporation also provides loan to eligible beneficiaries for their self employment ventures.
The Corporation takes security either in the
shape of Land Mortgage Deed amounting to 95% of the total project cost or FDR/NSC/KVP
amounting to 50% of the total Project Cost or
guarantee for the loan from a Govt. Servant
against proposed loan schemes.
The Corporation is holding
Awareness Camps in the Backward Classes dominated areas at the Block Level and also covering the other
Districts of the State where there is
scarce backward classes population. For the purpose of holding awareness camps, services of NGOs like ASRA, SWDA,
SRDA, ASA etc. have been enlisted.
The Corporation will provide Technical Training for skill up-gradation of already benefited members of Backward Classes under various schemes with the financial assistance of NBCFDC.
The Corporation has also conducted special surveys of Malana Revenue Estate in District Kullu, where
the populace has been declared as Backward Classes as a whole
for identification of activities and beneficiaries to be covered under the special NBCFDC Finance.
The Corporation is also conducting survey in
respect of twelve Panchayats comprising of
“Chohar-ka” i.e. the inhabitants of Chohar Valley
in Mandi District with a view to identify local
needs & eligible beneficiaries to be covered
under the special NBCFDC Finance. The HBCFDC has
so for sanctioned loan to 2740 beneficiaries
Rs.2,75,196,962 under various
Schemes. Besides 2 and 15 beneficiaries have been
benefited under the new NBCFDC Educational Loan
Scheme and Interest Free Study Loan Scheme respectively.