Home India Ministry of Tribal Affairs Union Minister Jual Oram Calls NSTFDC a Catalyst for Tribal ...
Date: 2026-04-10 Category: Press Release State: Union Government Country: India

Union Minister Jual Oram Calls NSTFDC a Catalyst for Tribal Entrepreneurship at 25th Foundation Day

Issued by Ministry of Tribal Affairs · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

**Executive Summary** The National Scheduled Tribes Finance and Development Corporation (NSTFDC) celebrated its 25th Foundation Day on April 10, 2026, highlighting its role in tribal entrepreneurship. The event showcased the corporation's achievement of facilitating over 16.80 lakh loans totaling ₹4,400 crore. The organization remains committed to fostering inclusive growth and transitioning tribal community members from job seekers to job providers through collateral-free financial assistance. **Key Points / Main Content** **Financial Performance and Reach** * **Loan Disbursement:** The corporation has extended more than 16.80 lakh loans to beneficiaries. * **Total Funding:** Total disbursements to date have exceeded ₹4,400 crore. * **Profitability:** NSTFDC consistently records an annual profit ranging from ₹20–30 crore. * **Asset Quality:** The organization maintains a low incidence of Non-Performing Assets (NPAs) due to disciplined, timely repayments by beneficiaries. **Strategic Objectives** * **Entrepreneurship Focus:** The vision centers on enabling tribal individuals to become "job providers" rather than "job seekers." * **Accessible Finance:** A primary focus is providing collateral-free financial assistance to ensure wider access for tribal beneficiaries. * **Sustainable Livelihoods:** Continued efforts are directed toward promoting enterprise development and holistic growth for Scheduled Tribe (ST) communities. **Event Highlights** * **Felicitation of Entrepreneurs:** ST entrepreneurs were recognized for successful ventures in sectors including healthcare, dairy farming, handicrafts, textiles, and retail. * **Cultural Representation:** The celebration included programs showcasing the heritage and diversity of tribal communities. * **Leadership Presence:** The event featured the Union Minister for Tribal Affairs, the Secretary of the Ministry of Tribal Affairs, and the CMD of NSTFDC. **Impact Analysis** **Scheduled Tribe (ST) Entrepreneurs** **Impact** Beneficiaries gain access to life-changing, collateral-free capital that fosters financial discipline and enables the creation of sustainable business ventures across diverse sectors. **Action Required** Continue to utilize available financial assistance to establish diverse enterprises and maintain timely repayment schedules to support the corporation's sustainable financial model. **National Scheduled Tribes Finance and Development Corporation (NSTFDC)** **Impact** The organization has established itself as a robust and profitable entity (₹20–30 crore annual profit) that drives inclusive growth and financial empowerment. **Action Required** Maintain the commitment to accessible finance and enterprise development while continuing to monitor and support beneficiaries to keep NPAs low. **State Channelizing Agencies** **Impact** These agencies act as vital links in the distribution of credit and the implementation of NSTFDC's people-centric financial approach across the country. **Action Required** Collaborate with the NSTFDC to ensure the continued delivery of financial assistance and support for tribal entrepreneurship at the regional level.

Key Entities Referenced

National Scheduled Tribes Finance and Development Corporation (NSTFDC): An apex organization under the Ministry of Tribal Affairs providing collateral-free financial assistance and loans to foster entrepreneurship within Scheduled Tribe communities. Ministry of Tribal Affairs: The primary Union Ministry responsible for the policy, planning, and coordination of programs aimed at the inclusive growth and holistic development of Scheduled Tribes. Shri Jual Oram: The Union Minister for Tribal Affairs who positioned NSTFDC as a catalyst for transforming tribal individuals from job seekers into job providers. State Channelizing Agencies: The implementation partners across India responsible for facilitating and distributing NSTFDC's financial assistance to tribal beneficiaries at the state level.
Official Source Record View Original Source →
See Full Document Text
Ministry of Tribal Affairs Union Minister Jual Oram Calls NSTFDC a Catalyst for Tribal Entrepreneurship at 25th Foundation Day Corporation Facilitates Over 16.80 Lakh Loans Worth ₹4,400 Crore, Driving Inclusive Growth Posted On: 10 APR 2026 9:59PM by PIB Delhi The National Scheduled Tribes Finance and Development Corporation (NSTFDC), under the Ministry of Tribal Affairs, Government of India, celebrated its 25th Foundation Day at Vishwa Yuva Kendra, New Delhi. Addressing the gathering as the Chief Guest, Hon’ble Union Minister for Tribal Affairs Shri Jual Oram highlighted the transformative role played by NSTFDC in empowering Scheduled Tribe communities across the country. Emphasizing its people-centric approach, he underscored the Corporation’s focus on providing collateral-free financial assistance, ensuring wider access among tribal beneficiaries. The Minister reiterated that NSTFDC’s vision goes beyond job creation, aiming to foster entrepreneurship and enable individuals to become job providers rather than job seekers. He noted that the financial assistance extended by NSTFDC has been life-changing, instilling a strong sense of responsibility and financial discipline among beneficiaries, which is reflected in timely repayments and a low incidence of Non-Performing Assets (NPAs).Describing the occasion as a moment of pride, Shri Oram expressed confidence that NSTFDC will continue to strengthen tribal communities and achieve greater milestones in the years ahead. The event was also graced by Smt. Ranjana Chopra, Secretary, Ministry of Tribal Affairs; Shri Anant Prakash Pandey, Joint Secretary; and Shri T. Roumuan Paite, Chairman and Managing Director (CMD), NSTFDC, along with former CMDs of the Corporation and representatives from State Channelizing Agencies across the country. In his address, Shri T. Roumuan Paite described the 25th Foundation Day as not merely a celebration, but a moment of reflection and renewed commitment towards serving Scheduled Tribe communities. Highlighting NSTFDC’s sustained impact, he shared that the Corporation has extended over 16.80 lakh loans to beneficiaries, with total disbursements exceeding ₹4,400 crore to date.He further noted that NSTFDC has consistently recorded an annual profit in the range of ₹20–30 crore, reflecting a robust and sustainable financial model. Reaffirming the organisation’s mission, Shri Paite emphasized continued efforts towards promoting accessible finance, enterprise development, and sustainable livelihoods for tribal communities. As part of the celebrations, NSTFDC felicitated Scheduled Tribe entrepreneurs from across the country who have successfully established diverse business ventures and are generating sustainable livelihoods. These enterprises span sectors such as traditional cuisine, healthcare, poultry and dairy farming, beauty services, handicrafts, jewellery, textiles, pisciculture, crab culture, tailoring, and retail businesses. Cultural programmes showcasing the rich heritage and diversity of tribal communities added vibrancy to the event. The event underscored NSTFDC’s enduring commitment to inclusive growth, financial empowerment, and holistic development of Scheduled Tribes across the country. **** RN/ (Release ID: 2251036) Visitor Counter : 164

Continue your research