National Scheduled Castes Finance and Development Corporation (NSFDC) was set up in 1989 as a non profit company under Ministry of Social Justice and Empowerment, Government of India for financing, facilitating and mobilizing funds for the economic empowerment of persons belonging to the Scheduled Castes families living below double the Poverty Line.
Handlooms Sector is a part of Textile Industry, the second largest economic activity after agriculture.
There are around 44 lakh Handloom weavers in the country out of which 3.90 lakh are Scheduled Caste Weavers.
Under the cluster approach, new strategy for promoting production and marketing of high value quality handloom products shall be adopted to ensure more earnings of the Scheduled Caste Handloom Weavers.
