Introduction to TABCEDCO
The Tamil Nadu Backward Classes Economic Development Corporation, popularly known as TABCEDCO, was established in 1982. It functions as a government-owned corporation registered under the Companies Act, 1956. The main purpose of TABCEDCO is to support the economic development of people belonging to Backward Classes (BC), Most Backward Classes (MBC), and Denotified Communities (DNC).
By serving as a channelizing agency for the National Backward Classes Finance and Development Corporation (NBCFDC), TABCEDCO provides financial assistance for individuals and groups with government-backed guarantees.
Objectives of TABCEDCO
The core mission of TABCEDCO is to empower marginalized communities by giving them access to affordable loans. These loans are meant to encourage entrepreneurship, self-employment, agriculture, irrigation projects, small trades, and handicrafts.
The vision of the corporation is not just to provide money, but to create opportunities for sustained income and uplift the overall socio-economic status of these communities.
Loan Schemes by TABCEDCO
Individual Loan Scheme
The Individual Loan Scheme provides financial assistance up to ₹25 lakh for eligible beneficiaries. Funding is shared between NBCFDC, TABCEDCO, and the beneficiary. Interest rates are affordable, starting at 7%, with flexible repayment terms ranging from 1.5 years to 6 years.
Group Loan Scheme
Self-Help Groups (SHGs) can access financial support through group loan programs. Women’s SHGs benefit from schemes like Mahila Samridi Yojana, where loans are provided with low interest and easy repayment options. Another initiative, the New Swarnima Scheme, allows women entrepreneurs to borrow up to ₹2 lakh for various business ventures.
Sector-Specific Schemes
TABCEDCO also supports funding across sectors like agriculture, irrigation, transportation, small-scale trade, self-employment projects, and traditional industries. This includes loans for starting beauty parlors, running auto-rickshaws, setting up small shops, purchasing farming equipment, and more.
Eligibility and Application Process
Who Can Apply
Beneficiaries must belong to BC, MBC, or DNC communities. The annual family income should not exceed ₹3 lakh, and applicants must be between 18 and 60 years of age. Only one person per family can avail of the loan facility.
How to Apply
Application forms are available at TABCEDCO offices, cooperative banks, and online through the official website. Required documents include community certificate, income certificate, nativity certificate, Aadhaar card, ration card, and project report or quotation. For transport-related loans, a valid driving license is necessary.
Loan Disbursement
Applications are processed and approved by District-Level Screening Committees. Once sanctioned, cooperative banks handle disbursement. Beneficiaries are provided with a sanction card to track loan repayments.
Achievements and Recognition
Over the years, TABCEDCO has made a significant impact in Tamil Nadu. In 2018–19, the corporation received the “Bronze Award” from NBCFDC for its outstanding performance. In March 2022, financial assistance of ₹48.03 crores was distributed to 6,881 beneficiaries.
TABCEDCO also contributes towards social causes through its Corporate Social Responsibility (CSR) activities. It has donated funds to the Tamil Nadu Disaster Management Authority and supported charitable organizations.
Conclusion
The Tamil Nadu Backward Classes Economic Development Corporation plays a vital role in strengthening the economic condition of disadvantaged communities. By offering affordable loans, promoting entrepreneurship, and supporting traditional livelihoods, TABCEDCO ensures inclusive growth and social equity across Tamil Nadu.
