The Karnataka Scheduled Castes & Scheduled Tribes Development Corporation was established by the Government of Karnataka in 1975 with the vowed objective of bringing the SCs & STs population above the poverty-line.

The Corporation was incorporated under the Companies Act of 1956.

The Corporation was renamed as Dr. B.R.Ambedkar Development Corporation Limited on 13-10-2005.

At present the Corporation is implementing programmes for the economic development of Scheduled Castes only.