State Financial Corporations Offering Specialised SSI Schemes

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Andhra Pradesh State Financial Corporation (APSFC)

Andhra Pradesh State Financial Corporation (APSFC) is a term lending Institution established in 1956 for promoting small and medium scale industries in Andhra Pradesh under the provisions of the Sate FInancial Corporation' Act,1951.The corporation has many entrepreneur - friendly schemes to provide term loans,working capital term loans,special and seed capital assistance to suit the needs of various categories of entrepreneurs.The Corporation has 45 years of expertise in industrial financing engaged in the business of financing tiny,small and medium scale sector units and thriving for balanced reginal development of the state.

For more details please visit : www.apsfc.com

 

Arunachal Pradesh Industrial Development and Financial Corporation (APIDFC)

Arunachal Pradesh Industrial Development and Financial Corporation (APIDFC) was incorporated in the year 1978 as company under Companies Act, 1956 for promotion of industries in Arunachal Pradesh. It is performing the twin role of State Industrial Development Corporation and State Financial Corporation.

For more details please visit : www.cosidici.com

 

Assam Financial Corporation (AFC)

The Assam Financial Corporation was established as a Joint State Financial Corporation under Section 3(A) of the SFC’s Act 1951 way back in 1954 covering the erstwhile-undivided Assam with two union territories of Manipur and Tripura and operating in this North-East Region for more than last four decades. As the premier most Financial Institution(F.I.) in the North-East Region, it has an incomparable out reach of the grass root level compared to other Financial Institutions(FIs) and Banks.

For more details please visit : www.afconline.gov.in

 

Bihar State Financial Corporation (BSFC)

Bihar State Financial Corporation was established in the year 1954 under SFC's Act, 1951 to promote Small and Medium Scale Industries by way of providing financial assistance. Since then it is playing major role in growth of tiny, small and medium industries in the erstwhile State of Bihar (Presently Bihar and Jharkhand).

It has contributed significantly to the growth of various Sectors defined as Industrial concern under SFC's Act, 1951 (as amended from time to time). From early 70's it has also provided liberal financial assistance under special schemes like educated unemployed, composite loans to small artisans, Mahila Udyog Nidhi,Semfex etc. for creating self-employment opportunities to artisans, educated unemployed, women entrepreneurs and ex-service men. It has also provided financial assistance for setting up Hotels/Motels including Marketing Complex, Nursing Homes and also for Electro Diagnostic Equipments etc.

For more details please visit : bsfc.bih.nic.in

 

Delhi Financial Corporation (DFC)

The Delhi Financial Corporation has been rendering yeoman service to small scale entrepreneurs in Delhi and Chandigarh. It has made finance available to existing and prospective entrepreneurs at very reasonable terms.

The corporation has devised suitable schemes for catering the needs of different categories of entrepreneurs

For more details please visit : www.dfcdelhi.nic.in

 

Gujarat State Financial Corporation (GSFC)

Gujarat State Financial Corporation (GSFC) incorporated under the State Financial Corporations Act of 1951, is a trend setter and path breaker in the field of industrial finance. It plays a major role in the development and industrialization of Gujarat by extending credit assistance to suit individual requirements.

Gujarat State Financial Corporation established with main object for development activities to contribute to social upliftment, regional dispersal of industrial activities and to adding to Gross Stock Domestic Products. Also for promoting economic growth, balanced regional development and widening of entrepreneurial base by financing small enterprises. GSFC a premier, regional development bank set up by Government of Gujarat, to provide finance to new industrial units, for acquisition of Fixed Assets, Expansion, Modernization, Diversification, Renovation etc. The Industrial concern must set up in the state of Gujarat and the Union Territories of Diu, Dadra and Nagar Haveli.

For more details please visit : www.gujaratindustry.gov.in

 

Haryana Financial Corporation (HFC)

Haryana Financial Corporation has been set up under an Act of Parliament known as State Financial Corporation's Act 1951 and the working is governed by this act. The Head Office of the Corporation is at Chandigarh and Branch Offices at each District Headquarter of the State. HFC meets the credit needs of small/medium scale industrial units by advancing term loans. The loans are advanced primarily for acquiring fixed assets such as land, building, plant & machinery etc.

For more details please visit : www.hfcindia.org

 

Himachal Pradesh Financial Corporation (HPFC)

Himachal Pradesh Financial Corporation (HPFC) was established in the State under the Central Act, viz. The State Financial Corporations Act, 1951, with the basic objective of promoting and developing small scale and medium scale industries in the State with a special focus on spreading industrial culture in the rural, semi-urban and backward areas of the State. The Corporation is owned by the State Government jointly with SIDBI and is functioning under the administrative control of the State Government.

For more details please visit : www.hpfc.nic.in

 

Jammu & Kashmir State Financial Corporation (J&KSFC)

The Jammu & Kashmir State Financial Corporation (J&KSFC) was established to act as a Regional Development Bank with the aim of boosting economic development in the State for providing financial assistance in the shape of loans to prospective entrepreneurs for development of Industries. It was incorporated under The SFCs Act 1951 on 2nd December 1959 as a Development Bank for promotion of Small Scale Industries, hotels, houseboats and transport sector in Jammu & Kashmir.

The Board of J&K SFC is headed by Honourable Finance Minister, Shri Mohd. Shafi. The Board has been from time to time assessing the performance of institution with a view to achieve the objectives for which it was instituted.

For more details please visit : www.jakfinance.nic.in

 

Karnataka State Financial Corporation (KSFC)

KSFC gives financial asssistance to set up tiny, small, medium and large scale industrial units in the Karnataka State. The Corporation extends term loans to new & existing units upto Rs. 500 lakhs for corporate bodies and registered co-operative societies. Term loans upto Rs. 200 lakhs are sanctioned to proprietary, partnership and joint hindu undivided family concerns.KSFC extends lease financial assistance and hire purchase assistance for acquisition of machinary/equipment/transport vehicles. KSFC has a merchant banking department and is approved as a category I merchant banker by SEBI. Under this activity it does management of public issues, under-writing of shares, project report preparation, deferred payment guarantee, syndication of loans, bill discounting etc.The fund based activities like subscription to non-convertible debentures, actoringservices are also considered.

For more details please visit : www.ksfc.in

 

Kerala Financial Corporation (KFC)

Kerala Financial Corporation (KFC) incorporated under the State Financial Corporations Act of 1931, is a trend setter and path breaker in the field of industrial finance to service sector projects. It plays a major role in the development and industrialisation of Kerala by extending financial assistance to suit the requirementsof the enterpreneurs.

For more details please visit : www.kfc.org

 

The Economic Development Corporation (EDC) of Goa

The Economic Development Corporation (EDC) of Goa, established in 1975 has been the State Financial Institution. It has been incorporated as an SIDC and a limited company . However, it has also been accorded twin status of SFC by IDBI/SIDBI.

For more details please visit : www.edc-goa.com

 

Madhya Pradesh Financial Corporation (MPFC)

Madhya Pradesh Financial Corporation (MPFC) is the premier institution of the State engaged in providing financial assistance and related services to small to medium sized industries. Also, it is registered as Category-I Merchant Banker with Securities Exchange Board of India and setup a separate Merchant Banking Division in the name of MPFC Capital Markets.

Incorporated in the year 1955, under the State Financial Corporation Act, 1951 (No. LXIII of 1951), it works under the control of the Board of Directors, consisting of representatives from State Government, Industrial Development Bank of India, Small Scale Industrial Development Bank of India, Reserve Bank of India, Scheduled Banks, Insurance Companies, Co-operative Banks and other shareholders.

MPFC is a well knit organisation with its head quarters at Indore - the industrial hub of Madhya Pradesh. It has zonal offices at Raipur, Jabalpur, Bhopal, Gwalior, Indore, Satna, and various branches at different places; making a total of eighteen offices throughout Madhya Pradesh.

For more details please visit : www.mpfc.org

 

Orissa State Financial Corporation (OSFC)

The Orissa State Financial Corporation (OSFC) is the primary state level financing institution incorporated in the year 1956 under the State Financial Corporations Act, 1951. The Corporation extends term loan upto a maximum of Rs. 150.00 lakhs for acquiring fixed assets like land, building, plant and machinery, equipment and margin money for working capital for setting up of industries. OSFC also provides working capital assistance under Single Window Scheme. Priority is given to small and tiny sector industrial units in backward areas.

For more details please visit : www.osfcindia.com

 

Punjab Financial Corporation (PFC)

Punjab Financial Corporation a premier leading institution of Punjab, is a body incorporated under the State Financial Corporations Act 1951. The Corporation came into existence on Ist February,1953. To perform the role of a Development Bank in the State of Punjab, Corporation was established with an objective of granting loans for the establishment of new industrial concerns, modernisation, expansion/diversification of existing activities etc.

For more details please visit : 164.100.52.13/pfc/index.html

 

Rajasthan Financial Corporation (RFC)

The Rajasthan Financial Corporation (RFC) was constituted under a notification of the State Government dtd. 17 January, 1955 under the SFCs Act, 1951, for providing long term financial support to tiny, small scale and medium scale industries in the State of Rajasthan.

The Corporation is continuing to work as a Catalyst of development for translating into practice the industrial policies and priorities of the Central and the State Governments as also for providing and improving upon immediate assistance in the planned and balanced development of industries in the State, particularly in the small and tiny sectors.

For more details please visit : rfconlinetest.rajasthan.gov.in

 

The Maharashtra State Financial Corporation (MSFC)

The Maharashtra State Financial Corporation (MSFC) has been set up under the 'State Financial Corporations Act, 1951. The Corporation operates in State of Maharashtra from 1962 and in State of Goa and Union Territory of Daman & Diu since 1964.

For more details please visit : www.maharashtradirectory.com

 

Uttar Pradesh Financial Corporation (UPFC)

Uttar Pradesh Financial Corporation (UPFC ) was established in 1954 under the State Financial Corporation Act, 1951 with its Head Office at Kanpur. The UPFC took a humble step for the industrial development of the State of Uttar Pradesh by providing term loan assistance to small and medium scale units. Several units nurtured by UPFC have now become large enterprises.

For more details please visit : www.upfcindia.com

 

West Bengal Financial Corporation (WBFC)

West Bengal Financial Corporation is a State level financial institution to help the small, medium and tiny sector enterprises to implement their new/ expansion/ modernization or technological upgradation schemes.

The Corporation has been devoting itself to the task of promotion and development of the SSI sector of the State for the last 50 years. Despite all odds, the Corporation has been marching ahead by registering increases in the amount of sanction, disbursement and recovery. The Corporation always acts in close coordination with the State level promotional and development agencies, commercial banks, the Government and others.

For more details please visit : www.cosidici.com