NSKFDC promotes socio-economic empowerment of sanitation workers through concessional finance and skill development
Distilled Policy Brief
- Established on 24 January 1997 as a non-profit company, the National Safai Karamcharis Finance and Development Corporation (NSKFDC) operates under the Ministry of Social Justice and Empowerment to promote the socio-economic upliftment of sanitation workers and eradicate manual scavenging.
🎯 Prelims High-Yield Examination Points
National Safai Karamcharis Finance and Development Corporation (NSKFDC) - establishment year, legal status, nodal ministry, loan limits, and interest rebate provisions.
⚖️ Mains Analytical & Syllabus Linkages
Analyze the role of institutional finance and skill development in eradicating manual scavenging and ensuring dignified alternative livelihoods for sanitation workers.
🎯 UPSC Prelims Practice Drill
With reference to the National Safai Karamcharis Finance and Development Corporation (NSKFDC), consider the following statements: 1. It is a wholly-owned Government of India undertaking operating as a non-profit company under the Ministry of Social Justice and Empowerment. 2. To ensure rapid delivery, NSKFDC directly disburses concessional loans to individual beneficiaries without the involvement of state-level channelizing agencies or commercial banks. 3. Under its credit schemes, female beneficiaries receive an interest rate rebate, and an additional rebate is provided for timely repayment of installments. Which of the statements given above are correct?
- [A] 1 and 2 only
- [B] 2 and 3 only
- [C] 1 and 3 only
- [D] 1, 2 and 3
▶ Reveal Official Answer & Analytical Explanation
Statement 1 is correct: NSKFDC was established on January 24, 1997, as a non-profit company under the Ministry of Social Justice and Empowerment. Statement 2 is incorrect: The loan schemes of NSKFDC are implemented through State Channelizing Agencies (SCAs) nominated by State/UT governments, Regional Rural Banks (RRBs), and Public Sector Banks (PSBs), rather than directly by the corporation. Statement 3 is correct: Female beneficiaries are provided a 1% rebate on the applicable interest rate, and an additional 0.5% rebate is available for beneficiaries who make timely repayments.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.