New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Social Justice & Empowerment for the appointment of Rajnish Kumar Jenaw (IP&TA&FS) as new Chairman & Managing Director (CMD) of National Scheduled Castes Finance & Development Corporation (NSFDC) under the Department of Social Justice & Empowerment. According to an order from the Department of Personnel & Training (DoPT), he has been appointed to the post with effect from the date of assumption of charge and for a period up-to August 31, 2024, i.e. date of his superannuation or until further orders, whichever is earlier. Jenaw is a 1992-batch Indian Post & Telecommunication Accounts and Finance Service officer.
NSFDC was set-up by the government on February 08, 1989, with the name National Scheduled Castes and Scheduled Tribes Finance and Development Corporation (NSCSTFDC). It was incorporated as a fully owned government company under section 8 of the companies Act, 2013. It has been assigned the task of financing, facilitating and mobilizing funds for the economic empowerment of persons having annual family income up to Rs 3.00 lakh for both rural and urban areas. It provides financial assistance for income-generating schemes for the target group through State Channelizing Agencies (SCAs) which are nominated by respective State/UT Government and other channel partners such as public sector banks, regional rural banks, NBFC-MFIs, JHARCRAFT, NEDFi etc.
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