The Annual General Meeting of National Safai Karamcharis Finance and Development Corporation (NSKFDC), an apex corporation of the Ministry of Social Justice and Empowerment was conducted on 08.12.2023 at Shastri Bhawan, New Delhi. It’s a Section 8 company that works for the socio-economic upliftment of Safai Karamcharis, Manual Scavengers, Waste Pickers and their dependents. NSKFDC is continuously working for the empowerment of these most vulnerable and deprived sections of society through its various loan-based and non-loan-based schemes like Skill Development Training Programmes.
It focuses on the complete mechanization of Sewer and Septic Tank cleaning operations by providing soft loans at very low rates of interest to Sanitation Workers, Urban Local Bodies etc. Capital subsidy ranging from 50 to 32 per cent is provided to sanitation workers taking up mechanized cleaning works under Swachhta Udyami Yojana (SUY). Adequate training is provided free of cost to sanitation workers regarding safety precautions, use of PPE kits and operation and maintenance of cleaning machines and equipment.
NSKFDC also provides loans up to Rs.1.00 lacs under its Mahila Samridhi Yojana and Micro Credit Finance Scheme. The overall rate of interest is 4% and 5%, respectively. The other loan schemes are General Term Loan and Green Business Schemes under which loans up to Rs.15.00 lacs and up to Rs.30.00 lacs respectively are provided with a rate of interest at 6% and 1% rebate for women beneficiaries.
During the FY 2022-23, NSKFDC has disbursed total loans of Rs.261.49 crores covering 43862 beneficiaries and posted a modest net profit of 1499 lakhs owing to its subsidized schemes. About 80% of the beneficiaries are women. NSKFDC has set up a target to cover 52634 new beneficiaries in FY 2023-24. NSKFDC has provided free Skill development Training to 20686 sanitation workers and their dependents under SRMS and PM DAKSH Yojana during FY 2022-23. A stipend is also provided during the training period.
Disclaimer: This is an official press release by Pib.