The Cabinet gave its nod to enhance the authorised share capital of National Backward Classes Finance and Development Corporation, NBCFDC, from Rs. 700 crore to 1500 crore.The enhancement of the authorised share capital of NBCFDC will strengthen its equity base. It will also help more number of persons belonging to the OBCs in getting loans and financial support.The NBCFDC provides concessional loans through its various schemes to the people of Other Backward Classes living below double the poverty line.