The National Scheduled Castes Finance and Development Corporation (NSFDC) was set up in 1989 as a Company "not for profit" under Section 8 of the Companies Act 2013 [i.e. earlier Section 25 company under Companies Act, 1956] with the objective of financing income generating activities of SC beneficiaries having annual family income upto Rs. 3.00 lakh.
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Central Sector Scheme of National Overseas Scholarship
The Central Sector Scheme of National Overseas Scholarship is to facilitate the low income students belonging to the Scheduled Castes, Denotified Nomadic and Semi-Nomadic Tribes, Landless Agricultural Labourers and Traditional Artisans category to obtain higher education viz., Master degree or Ph.D courses by studying abroad thereby improving their Economic and Social status.