Main objects of Bihar State Backward Classes Finance and Development Corporation (BSBCF&DC):-
  1. To promote economic and development activities for the benefit of Backward Classes;
  2. To assist; subject to such income and/or economic criteria as may be prescribed by the government from time to time, individuals or group of individuals belonging to Backward Classes by way of loans and advances for economically and financially viable schemes and projects;
  3. To promote self-employment and other ventures for the benefit of Backward Classes;
  4. To grant concessional finances to selected cases for persons belonging to Backward Classes below the poverty line in the state in collaboration with Government Ministries/Departments at the State level out of the budgetary Assistance granted by the Government of Bihar to the Company;
  5. To extend loans to the Backward Classes for pursuing general/professional/Technical education or training at graduate and higher levels and providing subsidies for the rental accommodation to them;
  6. To assist in the up gradation of technical and entrepreneurial skills of Backward Classes for proper and efficient management of production units;
  7. To assist the District &State level organisations to deal with the development of Backward Classes by way of providing financial assistance and in obtaining Commercial funding or by way of re-financing under the guidance of national level organisation;
  8. To work as an apex institution for co-ordinating and monitoring the work of all corporation/Boards set up by the State Government for the economic development of Backward Classes;
  9. To help in furthering the government policies and programmes for the Development of Backward Classes;