Orissa Backward Classes Finance & Development Cooperative Corporation was established during 1994-95 being registered under the O.C.S Act 1962 for providing financial assistance to the people belonging to S & E.B.C under various income generating schemes.
The proposed Orissa Minorities Development & Finance Coop. Corporation has been clubbed with OBCFDCC Ltd vide Govt. of Orissa M & B.C.W Deptt Office Order No.36 Dt.16.1.2007.
The OBCFDCC is an apex co-operative organization under the aegis of the ST & SC Development, Minorities & Backward Classes Welfare Department, Government of Orissa and has an authorized capital of Rs. 50 crores.
The OBCFDCC is functioning as State Channelising Agency for implementing various income generating schemes for both the Backward Class community & Minority community of the State. In short it is welfare oriented scheme mainly designed to uplift the Backward Classes & Minority communities living below poverty line and double poverty line.
NBCFDC & NMDFC are Govt. of India undertakings which are companies not for profit with an objective to promote economic and developmental activities for the benefit of backward classes & Minority community and assist the poorer section of said communities in skill development and self employment ventures through OBCFDCC.