| Punjab Backward Classes Land Development and Finance Corporation popularly known as Backfinco was set up by Punjab Govt. under sub section (1) of Section (3) of the Punjab Backward Classes Land Development and Finance Corporation Act, 1976 with effect from the 16 th day of July , 1976 vide Notification No. 3948-2SW-76/20494 dated the 19th July, 1976. The primary objective of the Corporation is to undertake the task of economic upliftment of the members of Backward Classes and Minorities in the State by providing them financial assistance for self-employment programmes. Backfinco do it either on its own or in collaboration with other Corporations at the national level like National Backward Classes Finance and Development Corporation (NBCFDC) and National Minorities Development and Finance Corporation (NMDFC), New Delhi. |
| STATE CHANNELISING AGENCY |
| Backfinco serves as a State Channelising Agency (SCA) for the two National level Corporations namely National Backward Classes Finance and Development Corporation (NBCFDC) and National Minorities Development and Finance Corporation (NMDFC). |
| Addresses of the main and other offices at different levels. |
HEAD OFFICE
PUNJAB BACKWARD CLASSES LAND DEVELOPMENT & FINANCE
CORPORATION (BACKFINCO)
S.C.O. 60-61,SECTOR 17-A, CHANDIGARH-160017 (U.T.)
Phone No. 0172- 2728654
Chairman :
0172-2705982
Executive Director :
0172-2705995, 0172-2705261 PBX Fax No. 0172-2728654 |
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| LIST OF ADDRESSES OF FIELD OFFICES |
Sr.No |
District |
Address |
1. |
BATHINDA |
Dr. B.R. Ambedkar Bhawan, Near Power House |
2. |
PATIALA |
Dr. B.R. Ambedkar Bhawan,Sewa Singh Thikri Wala Nagar, Rajpura Road |
3. |
KAPURTHALA |
Dr. B.R. Ambedkar Bhawan, Near Devi Talab Mandir. |
4. |
FATEHGARH SAHIB |
Dr. B.R. Ambedkar Bhawan,Civil Hospital Road . |
5. |
GURDASPUR |
Dr. B.R. Ambedkar Bhawan, Railway Road ,
Backside Panj Pir, Gurdaspur. |
6. |
SANGRUR |
Dr. B.R. Ambedkar Bhawan, Patiala Chowk |
7. |
MUKATSAR |
Dr. B.R. Ambedkar Bhawan, |
8. |
ROPAR |
Dr. B.R. Ambedkar Bhawan,Giani Zail Singh Colony, |
9. |
MOGA |
Dr. B.R. Ambedkar Bhawan, |
10 |
FEROZEPUR |
Dr. B.R. Ambedkar Bhawan, Malwa Road , Ferozepur City . |
11. |
AMRITSAR |
Dr. B.R. Ambedkar Bhawan, Tehsilpura Road |
12. |
FARIDKOT |
Dr. B.R. Ambedkar Bhawan |
13 |
HOSHIARPUR |
Mohalla Kamalpura Dhobian Wali Gali, Near Sood
Nursing Home. |
14. |
JALANDHAR |
Sandhu Building Near Narinder Cinema, |
15. |
LUDHIANA |
House No. 3110/2, Gali No.7, Labour Colony, Jawahar Nagar. |
16. |
MANSA |
Dr. B.R. Ambedkar Bhawan, Backside DC office |
17. |
NAWAN SHAHAR |
Mohalla Guru Angad Nagar, Gali No.3, Chandigarh Road |
18 |
TARN TARAN |
Plot No. 13, New Sabzi Mandi, Near Water Tank |
19 |
SAS NAGAR |
SCF 37, Second Floor,Phase-9. |
20 |
BARNALA |
Gali. No. 3, Shakti Nagar, Near Court Road |
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| Lending and Training Programmes of Backfinco |
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| 1. Term Loan Scheme |
Backfinco is implementing this scheme in collaboration with NBCFDC and NMDFC to promote the economic development of Backward Classes notified by State Govt. and Minorities notified by the Govt. of India. As per the financing pattern, 85% of the Project cost as Term Loan is provided by the National Corporation, 10% is contributed by State Govt. as Margin Money and remaining 5% by the beneficiaries.
Term Loan is provided by National Corporations at interest rate of 3% per annum and the corporation further advances to the beneficiaries at 6%. The maximum loan limit is upto Rs. 5 Lacs. |
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| Main Eligibility Criteria To Avail Loan |
| The eligibility criteria to avail loan is as under: - . |
- The applicant should be a resident of Punjab State.
- Age should be between 18 to 55 years.
- The applicant should belong to either Backward Class, notified by State Govt. or Minority as notified by Govt. of India.
- The Corporation would provide loans to the beneficiaries whose annual family income is less than Rs.39500/- in rural areas and Rs.54500/- in urban areas as prescribed by National Corporations i.e NBCFDC and NMDFC, New Delhi or the income limit as revised by National Corporations from time to time. However, preference shall be given to the persons living below poverty line.
- If a person want to avail loan for Technical Nature Activity then he should be at least matriculate and trained are to be given preference. But in case of Hereditary and Non-Technical nature activities, the condition of qualification is not required.
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| 2. Education Loan Scheme |
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For Backward Classes : NBCFDC has introduced Education Loan Scheme for the candidates belonging to Backward Classes for pursuing Professional and Technical courses at Graduate and above level. The candidate whose annual family income is less than Rs. 39500/- in rural areas and Rs. 54500/- in urban areas is eligible to get loan. The maximum loan limit is Rs. 5 Lacs and rate of interest is 4% per annum.
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For Minority Communities : NMDFC has also introduced Education Loan Scheme with the objective to facilitate job oriented education amongst the weaker section of minorities. The scheme envisages maximum loan of Rs. 2.50 Lacs at 3% rate of interest for pursuing Professional and Technical Courses. The repayment of loan is made in 5 year’s period after six months from the date of completion of the course.
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| 3. Swayam Saksham Scheme |
NBCFDC has introduced Swayam Saksham Scheme to provide soft term loan to the Professionally/Technically educated unemployed youth belonging to Backward Classes for the Self-Employment Activities. Under the scheme maximum loan amount of Rs. 5 Lacs can be availed at 5% rate of interest. The repayment period is maximum 10 years with a moratorium period of one year. The applicant should have annual family income of less than Rs.39500/- in rural areas and Rs.54500/- in urban areas to obtain loan. The age should be between 18 to 35 years. |
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| 4. Mahila Samridhi Yojna Scheme : |
| NBCFDC and NMDFC have introduced Mahila Samridhi Yojna Scheme for women belonging to Backward Classes and Minorities respectively. Loan upto Rs. 25000/- at 4% interest is advanced to the individual for setting up any Self Employment Venture. |
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| 5. Micro Financing Scheme |
| Under this scheme, the loans are advanced to very poor people through Self-Help-Groups. The maximum loan is Rs. 25000/- at 5% interest rate can be availed for any small activity. |
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| 6. Vocational Training Programmes |
Backfinco is running certain Vocational Training Programmes for Backward Classes and Minorities in collaboration with both the National Corporations. Under this scheme, Backfinco has tied up with Rajpura Centre of National Small Industries Corporation (Technical Services Extension Centre) and Apparel Training & Design Centre (Ministry of Textile) at Ludhiana for imparting training in technical trades. The training expenses are met by the National Corporation |
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| DETAILS OF SCHEMES BEING IMPLEMENTED IN COLLABORATION WITH NMDFC/NBCFDC |
Sr. No. |
NOMENCLATURE OF SCHEME |
UNIT COST |
RATE OF INTEREST ( in Rs.) |
(A) HEREDITARY OR NON-TECHNICAL NATURE SCHEMES |
1 |
DAIRY FARMING ----- 3-5 ANIMALS |
50000/- to 100000/- |
6% |
2 |
POULTRY FARMING |
50000/- to 100000/- |
6% |
3 |
VEGETABLE GROWING |
50000/- to 100000/- |
6% |
4 |
BEE KEEPING |
50000/- to 100000/- |
6% |
5 |
CARPENTARY / FURNITURE SHOP / BLACKSMITH SHOP |
50000/- to 115000/- |
6% |
6 |
FLOUR_MILL / KOHLU |
50000/- to 100000/- |
6% |
7 |
AUTO RICKSHAW (PASSENGERS / GOODS CARRIERS) |
50000/- to 128000/- |
6% |
8 |
GENERAL STORE (KARYANA / CATTLE / POULTRY FEED) |
50000/- to 100000/- |
6% |
9 |
HARDWARE STORE (INCLUDING SANITARY & BUILDING MATERIAL, IRON ETC.) |
50000/- to 100000/- |
6% |
10 |
CLOTH/READYMADE GARMENTS SHOP |
50000/- to 100000/- |
6% |
11 |
BOOKS / STATIONERY SHOP |
50000/- to 100000/- |
6% |
12 |
SALE & REPAIR OF CYCLE |
50000/- to 100000/- |
6% |
13 |
PHOTO STAT MACHINE |
100000/- |
6% |
14 |
TAILORING |
40000/- to 100000/- |
6% |
(B) TECHNICAL NATURE SCHEMES |
16 |
AGRICULTURAL IMPLEMENTS(FABRICATION) |
50000/- to100000/- |
6% |
17 |
AUTOMOBILE REPAIR / SPARE PARTS SHOP |
50000/- to100000/- |
6% |
18 |
ELECTRONIC / ELECTRICAL SALE & REPAIR |
50000/- to100000/- |
6% |
19 |
INTERNET DHABA/CYBER CAFÉ |
225000/- |
6% |
20 |
FABRICATION UNIT |
50000/- to100000/- |
6% |
21 |
HOSIERY UNIT |
50000/- to100000/- |
6% |
22 |
SMALL SCALE INDUSTRIAL UNIT (INCLUDES ANY MANUFACTURING ACTIVITY) |
50000/- to100000/- |
6% |
(C) SERVICE SECTOR SCHEMES |
23 |
ADVERTISING AGENCY |
1,00,000 |
6% |
24 |
AIR TRAVEL AGENCY |
1,00,000 |
6% |
25 |
AIRPORT SERVICES |
1,00,000 |
6% > |
26 |
ARCHITECTS SERVICES |
1,00,000 |
6% |
27 |
BEAUTY PARLOURS |
1,00,000 |
6% |
28 |
BUSINESS AUXILIARY SERVICES |
1,00,000 |
6% |
29 |
CABLE OPERATORS |
1,00,000 |
6% |
30 |
CARGO HANDLING SERVICES |
1,00,000 |
6% |
30 |
CHARTERED ACCOUNTANTS |
1,00,000 |
6% |
32 |
COMMERCIAL TRAINING & COACHING |
1,00,000 |
6% |
33 |
COMPANY SECRETARIES |
1,00,000 |
6% |
34 |
CONSULTING ENGINEER |
1,00,000 |
6% |
35 |
COURIER AGENCY |
1,00,000 |
6% |
36 |
DRY CLEANING SERVICES |
1,00,000 |
6% |
37 |
FASHION DESIGNER SERVICES |
1,00,000 |
6% |
38 |
FRANCHISE SERVICES |
1,00,000 |
6% |
39 |
GENERAL INSURANCE BUSINESS |
1,00,000 |
6% |
40 |
INTERIOR DECORATORS |
1,00,000 |
6% |
41 |
MAINTENANCE OR REPAIR SERVICE |
1,00,000 |
6% |
42 |
MANAGEMENT CONSULTANTS |
1,00,000 |
6% |
43 |
MANPOWER RECRUITMENT AGENCY |
1,00,000 |
6% |
44 |
ONLINE INFORMATION AND DATA |
1,00,000 |
6% |
45 |
OUTDOOR CATERING |
1,00,000 |
6% |
46 |
PACKAGING SERVICES |
1,00,000 |
6% |
47 |
PANDAL OR SHAMIANA SERVICES |
1,00,000 |
6% |
48 |
PHOTOGRAPHY SERVICES |
1,00,000 |
6% |
49 |
REAL ESTATE AGENTS |
1,00,000 |
6% |
50 |
RAIL TRAVEL AGENTS |
1,00,000 |
6% |
51 |
SCIENTIFIC AND TECHNICAL CONSULTANCY |
1,00,000 |
6% |
52 |
SECURITY AGENCIES |
1,00,000 |
6% |
53 |
SERVICING OF MOTOR VEHICLES |
1,00,000 |
6% |
(D) SWAYAM SAKSHAM SCHEME |
54 |
FOR PROFESSIONALLY EDUCATED & TRAINED YOUTH BELONGING TO BACKWARD CLASSES |
500000/- |
5% |
(E) EDUCATIONAL LOAN SCHEME |
55 |
FOR MINORITIES - TECHNICAL & PROFESSIONAL COURSES |
250000/- |
3% |
56 |
FOR BACKWARD CLASSES - TECHNICAL & PROFESSIONAL COURSES |
500000/- |
4% |
57 MAHILA SAMRIDHI YOJNA |
25000/- |
4% |
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Regarding disinvestments process, Government has constituted Cabinet Committee on Disinvestment and a Committee of Core-group of Officers. |
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| Balance Sheet - - Click Here. |
