The Jammu & Kashmir Scheduled Castes, Scheduled Tribes & Backward Classes development corporation Limited; was established in the year 1986,a wholly owned corporation of the Jammu & Kashmir Government (under the Ministry of Social Welfare J&K state ) registered under companies Act 1956 within the meaning of section 3(i)(iii)
The State Govt. vide Cabinet decision No.18.5, dated: 16.02.2008, has also declared this corporation as a “Service Institute” as it is not engaged in any commercial activity, and having no means to generate, its own resources.
The Corporation is governed by the Board of Directors with representatives from state Government / central Government. National Level Corporations and prominent public representatives from Scheduled Castes, Scheduled Tribes, Backward Classes, notified National minorities, Safai Karamcharies and Handicapped categories.
The main objective of the Corporation is to work for socio-economic and educational upliftment of its target groups, to provide better self employment avenues so that they can become economically independent and self reliant members of the society.
The Corporation can undertake a wide range of activities for socio–economic and educational upliftment of the weaker sections of society belonging to Scheduled Castes, Scheduled Tribes, Backward Classes, Notified National Minorities, Safai Karamcharies/ Scavengers and Handicapped (Persons with Disabilities).
The Corporation provides subsidy with Bank Loan Assistance under Bank Tie-up scheme and loans on concessional rates of interest under Direct Financing Scheme in collaboration with National level Finance and Development Corporations of the Govt. of India, to the target group persons for establishment of income generating units in various trades/activities, to improve their socio-economic standard.