Acting as a major State level Channelising Agency (SCA) of National Financing Agencies -National Minorities Development Finance Corporation (MMDFC), National Backward Classes Finance & Development Corporation (NBCFDC) which provides financial assistance to the members of backward and minority communities living below double the poverty line.

The SCA will identify and formulate technically feasible and financially viable schemes, and submit Annual Action Plan to the National Agencies

The SCA will also identify potential beneficiaries, their vocational and training requirements and viable schemes as per felt needs of the beneficiaries.

The responsibility of ensuring proper and timely utilization of loans by the beneficiaries and the recovery of loans vests with the SCA.

Acting as the major company established for the overall development of backward classes, the company organizes schemes for the economic, social and educational development of the backward classes of the state from its own resource.