Tuesday 23rd April 2024

NHFDC, rated as very good PSE in Score and Rating 2019-20 of CPSEs

Dec 12th, 2021 4:21 pm | By | Category: SPECIAL NEWS COVERAGE

Government of India, Ministry of Finance, Department of Public Enterprises has recently issued MoU Score and Rating for the year 2019-20 of CPSEs under the administrative control of various Ministries and Departments. The National Handicapped Finance and Development Corporation (NHFDC) has outstandingly scored 86.27 with an very good rating in the list. Amid the COVID-19 worldwide pandemic, (NHFDC) could sustained it’s eminence, whereas it was the worst period for the business world.

The National Handicapped Finance and Development Corporation (NHFDC) has been set up by the Ministry of Social Justice & Empowerment, Government of India on 24th January 1997. The company is registered under Section 25 of the Companies Act, 1956 as a Company not for profit. It is wholly owned by Government of India and has an authorised share capital of Rs. 400 crores (Rupees Four Hundred Crore only). The company is managed by Board of Directors nominated by Government of India.

NHFDC functions as an Apex institution for channelising the funds to persons with disabilities through the State Channelising Agencies (SCAs) nominated by the State Government (s).

Rajan Sehgal, IFS is the Chairman-cum-Managing Director, National Handicapped Finance and Development Corporation.s

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