Secretary in the Department of Disability Affairs Ms. Stuti N. Kacker and CMD, NHFDC, Shri Harsh Bhal today signed an MOU for the implementation of the Schemes of National Handicapped Finance & Development Corporation (NHFDC) in the year 2013-14 here today. Under this MOU, NHFDC shall release an amount of Rs.  70 crores to 12,840 Persons With Disabilities (PwDs) during the financial year 2013-14. Department of Disability Affairs has agreed to provide an equity support of Rs. 25 crores to NHFDC to achieve the targets.   During 2013-14 the NHFDC would undertake skill development of 860  PwDs .The NHFDC has also agreed during the MOU negotiating meeting with Department of Public enterprises and Department of Disability Affairs to undertake Corporate social Responsibility in the year 2013-14. The Corporation will incur an expenditure of Rs. 8 lac for providing material support to organizations having exemplary contribution for welfare of PwDs. The summary of financial and non-financial parameters vis-à-vis achievement for 2013-14 is as follows:

                             Key Parameters                                                    Targets                              

Proposed Disbursement of loan                                               Rs. 70 crores      

Beneficiaries to be covered                                        12,840  PwDs

Proposed Skill Training of PwDs                                                860

Repayment of Loan during the Yr                             75.27% 

Workshop/Awareness Camps (proposed              )              18

Proposed exhibitions                                                    18

During the year 2010-11, 2011-12 the NHFDC’s performance was rated Very Good & Excellent respectively under the MOU.  During 2012-13 NHFDC is set to achieve excellent performance under the MOU evaluation system.

The Public Enterprise Survey in its latest Annual Report on the performance of Central Public Sector Enterprises has said that the profitability of NHFDC increased during 2010-11 & 2011-12 due to better management of funds and increase in loan income consequent to increase in disbursement of loan. The Public enterprise survey is laid in Parliament every year.

The main aim of National Handicapped Finance & Development Corporation (www.nhfdc.nic.in ) is the disbursement of the loan for supporting self employment ventures of the disabled persons in the country. In addition, it provides educational loans to PwDs for pursuing professional and technical education leading to Vocational Rehabilitation/self-employment. The Corporation also provides grants for upgradation of entrepreneurial skills of PwDs.

The Corporation is also implementing two scholarship schemes for 1500 PwD students every year for pursuing technical and professional course

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RTS