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Arunachal Pradesh Industrial Development and Financial Corporation Ltd.
C Sector
Near Petrol Pump
Itanagar -791 111
Telephone : 0360-22672,212673
Fax : 0360-22672

Contact Person

Mr. Ganesh Koyu
Managing Director

Assam Financial Corporation (AFC)

Assam Financial Corporation (AFC) was established 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 States. The corporation is owned by the Assam state government jointly with IDBI and is functioning under the administrative control of the state government.

The Chairman and Managing Directors of AFC are senior IAS officers appointed by the state government in consultation with IDBI. The Board of Directors of AFC are highly professional in character and consist of senior executives of the state government, a representative each from RBI, IDBI and SIDBI, besides other interests like Co-operatives, Life Insurance, entrepreneurs are also represented on the Board. AFC employs highly professional and technical personnel to carry on the business operations such as M.B.As., C.As., engineers, marketing experts, etc.

Assam Financial Corporation caters to the requirements of the entrepreneurs .It provides term loan to small and medium scale industries for creation of assets, viz., land, building and machinery. It also provide working capital term loan to the industrial units on competitive terms.

The Corporation also provides Non Fund based services like Merchant Banking, Under-Writing of Public Issues, Project Counselling, Bill Discounting, Leasing and Hire-Purchase. It is operating a number of financial assistance schemes for the benefit of the entrepreneurs such as assistance for marketing activities, equipment finance, special schemes for assistance to ex-servicemen, single window scheme, etc.

Assam Financial Corporation provides maximum loan upto Rs.240 lakhs. The interest on loan ranges between 13.75% to 16.5% depending upon the size of the loan and term.

Financial Corporation

"Vittiya Bhavan",
Md. Shah Road,
Paltan Bazar,
Guwahati-781 008.
Telephone : 0361-523448, 633658
Fax : 0361-521859

Contact Person

Shri Patreswar Basumatary,
Managing Director

Bihar State Financial Corporation (BSFC)

Bihar State Financial Corporation (BSFC) is the main state level institution providing term lending facilities to industrial entrepreneurs. Banks have also shown increasing interest in term lending to industrial units. BSFC will be restructured and strengthened to meet the growing financial and mercantile needs of entrepreneurs.

Although the Government has nominated representatives of Associations of industrial enterprises and Chambers of Commerce in the Board of this Institution a need has been felt to further strengthen the Board with induction of greater number of competent professionals and representative of Chambers and Industries with proven track record. Specific criteria will be laid down for choosing professionals. Representatives of Financial Institutions will also be inducted in the Board of BSFC. BSFC will also provide services such as financial leasing, loan syndication, consultancy, Merchant Banking, entrepreneurial skill development and support for technology upgradation to the industries in the State. The corporation would also be encouraged to establish a Venture Capital Fund for the entrepreneurs in the state.

Bihar State Financial Corporation
Fraser Road,
Vittiya Nigam Bhawan,
Patna-800 001.
Phone : 91-612-210968, 234210
Fax : 91-612-225228
EMail : kkpnd@bih.nic.in

Contact Person

Shri K.K.Pandey,
Managing Director.

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.com

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.

Area of Operation

The Corporation has been extending financial assistance mainly for the development of industries and service sector in the State of Goa and Union Territory of Daman & Diu, Dadra and Nagar Haveli. The Corporation now intends to widen up its area of operations in the surrounding areas of Goa as well as Mumbai.

Other Financial Instruments

It is worth noting that consequent to the liberalisation in the economy and the exponential growth in the financial sector, EDC has also made an attempt to diversify its portfolio in different financial instruments and the Corporate Loan portfolio has increased to Rs. 62.00 crores i.e. almost 20% of the overall business. This also includes medium term loan, bill discounting, lease finance, etc. During the year 1998-99, EDC extended Rs. 22.00 crores. The introduction of these instruments have enabled the Corporation to enhance its profitability as also improve upon the NPAs.

CAD/CAM, EDP and other activities

The Corporation has also been active in fields like Enterpreneurship Development, Computer Training, Urban Development, etc. CAD/CAM Centre having registration of Auto CAD has trained nearly 600 professionals. The EDP Development Cell has conducted 29 EDPs and trained 813 prospective budding entrepreneurs and has conducted 33 batches of PMRY Training Programme for 1165 beneficiaries.

The Corporation has achieved another milestone with the establishment of Patto Plaza Urban Development Centre near Panaji Bus Stand. This will give a boost to the directional development of the capital of Goa

List of Board of Directors of EDC ( as of 28th July 1999)

Shri Shaikh Hassan Haroon, MLA - Chairman
Shri Dattaraj V. Salgaonkar, Industrialist - V.M.Salgaonkar Group
Shri Srinivas V. Dempo, Industrialist - V.S. Dempo Group
Shri R. G. Kare - Managing Director, Kare Group
Shri Raul Antonio Francisco Fernandes - Director, Herald
Shri Moti Desai - Businessman
Shri Ashok Subhash Shirodkar - Businessman
Shri Rakesh Mehta, IAS - Finance Secretary
Dr. Prafulla R. Hede - Industrialist, Hede Group
Shri W.V.R.Murthy - Managing Director
Shri A.G. Nispat Desai - Nominee Director from SIDBI
Shri R.S. Kantak - Nominee Director from IDBI.

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.gsfc-india.com

Haryana Financial Corporation (HFC)

Haryana Financial Corporation (HFC) 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 Haryana.

At the head office main divisions are :

Appraisal Division Disbursement Division,
Finance Division,
Recovery Division,
Legal Division and Administration Division.
HFC meets the credit needs of small/medium scale industrial units by advancing term loans & working Capital. The loans are advanced primarily for acquiring fixed assets such as land, building, plant & machinery, raw material etc.

CONTACT ADDRESS

Haryana Financial Corporation
17, 18 & 19, 
Sector - 17A
Chandigarh - 160017
Telephone : 0172 - 706581, 707472, 709580,
709528, 712045, 711580,
715304, 714529 - 30.
Fax  : 0172-702666, 
E-mail : mailto:hfc-chd@x400.nicgw.nic.in?body=This mail has been generated by www.techno-preneur.net. For further details contact :timeis@fici.com

Contact Person

Shri.P.K.Gupta,
Managing Director

Addresses & Telephone Nos Of Branch Offices

Sh. P.K. Jain Branch Manager Haryana Financial Corpn. E-84, Masjid Moth Greater Kailash -III NEW DELHI - 110 048 011-6421050, 6224563     Sh. V.K. Jyoti Branch Manager Haryana Financial Corpn. 886, Urban Estate, Sector 7 AMBALA 0171-443615     Sh. P.L. Bhalla Branch Manager Haryana Financial Corp. A-5, Nehru Ground NIT, FARIDABAD 0129-219158, 210204, 212856     Sh Tara Chand Branch Manager Haryana Financial Corpn. 90-E, Model Town Jindal Chowk HISAR 01662 - 25735, 31217     Sh K.L. Manchanda Branch Manager Haryana Financial Corpn. 352, Sector - 13M KURUKSHETRA 01744-20617     <  Sh K.Saibaba Branch Manager Haryana Financial Corpn. 1st Floor Railway Road KAITHAL 01746 - 22923     Sh Ayodhya Prashad Branch Manager Haryana Financial Corpn. 136, Sector - 8 PANCHKULA 0172 - 562442, 571683      Sh. V.K. Bhandari Branch Manager Haryana Financial Corpn. Chanakya Puri Near Railway Crossing Bye-Pass Road ROHTAK 01262 - 52128, 51407      Sh. R.P. Mahajan Branch Manager Haryana Financial Corpn. 416, Sector - 14 SONEPAT 01264 - 22615, 22061

Sh. C.P. Narang Asst. General Manager Haryana Financial Corpn. Haryana Emporium Baba Kharak Singh Marg NEW DELHI - 110 001 011 - 3363628, 3364822     Sh. R.K. Jatana Branch Manager Haryana Financial Corpn. 126, Vijay Nagar BHIWANI 01664-42184, 41133     Sh. S.K. Jain Branch Manager Haryana Financial Corpn. 1807, Sector - 17 GURGAON 0124-346236, 342827, 340698     Sh Nand Kishore Aggarwal Branch Manager Haryana Financial Corpn. 1553, Urban Estate 7 JIND 01681 - 55574, 20453     Sh. S.P. Bakshi Branch Manager Haryana Financial Corpn. 549, Wazir Chand Colony Near Civil Hospital KARNAL 0784 - 20172, 20072   Sh. G.S. Sandhu Branch Manager Haryana Financial Corpn. 24, Shiv colony Mohindergarh road NARNAUL 01282-2270, 3298   Sh. A.K. Chitkara Branch Manager Haryana Financial Corpn. SCO 17-18, Sector - 25 Transport Nagar PANIPAT 01742 - 21714, 24391, 20376    Sh Sudhir Chandha Branch Manager Haryana Financial Corpn. 218, Court Road REWARI 01274 - 25992, 23762  Sh Ashok Gupta Branch Manager Haryana Financial Corpn. 8, Addl New Mandi  SIRSA 01666 - 21960 Sh Ashok Pahwa Branch Manager Haryana Financial Corpn. 263, Near Santpura YAMUNANAGAR 01732 - 21254, 21362

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 IDBI 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.jkfinco.com

Karnataka State Financial Corporation (KSFC)

The focus of Karnataka State Financial Corporation (KSFC) has always been on the small scale sector, artisans, tiny units and disadvantaged groups. KSFC has been the main term lending institution in most of the districts for first generation entrepreneurs. Its area of activities are :

Assistance to backward areas

The Industrial Policy of Karnataka divides the state into 3 zones. zone I covers developed areas, zone II covers developing areas and zone III covers growth centres. Of the flow of term loan assistance from KSFC during the year 1997-98 4.82% went to growth centres, 71.94% to developing areas and 23.24% to developed areas.

Assistance to the small scale sector

During the year Rs. 272.31 crores were sanctioned to 3,655 cases. Cumulative assistance to SSIs at the end of March 1998 stood at Rs. 2,823.82 crores in 92,799 cases.

Assistance to artisans, tiny, village and cottage industries.

KSFC has extended Rs. 91.20 crores as term lending assistance to 1,866 tiny units during the year. Artisans, village and cottage industries covered in 1997-98 numbered 514.

Assistance to medium scale industries

During the year 1997-98, KSFC has extended term lending assistance to 96 medium scale units amounting to Rs. 57.91 crores. The cumulative assistance to this sector stood at Rs. 526.46 crores in 1,402 cases.

Assistance to local entrepreneurs

To develop entrepreneurship among local people. During the year 1997-98, KSFC has extended term lending assistance to 6,767 entrepreneurs to the extent of Rs. 455.84 crores (98.75% in terms of numbers and 95.14% in terms of amounts).

Assistance to special segments of society

KSFC continued to accord priority to projects set up by entrepreneurs belonging to special segments of society like scheduled castes, scheduled tribes, minority communities, women entrepreneurs, the physically handicapped and ex-servicemen. MOUs in operation with specialised financial institutions set up for these groups were also implemented throughout the state.

During the year 1997-98, 821 SC and ST entrepreneurs availed term loan assistance to the extent of Rs. 17.72 crores. Cumulative assistance to this category stood at Rs. 147.53 crores in 17,535 cases.

The term loan assistance given to entrepreneurs belonging to minority communities amounted to Rs. 38.95 crores in 959 cases. Cumulative assistance stood at Rs 363.86 crores in 16,007 cases. 1,066 women entrepreneurs availed an assistance of Rs. 59.73 crores. Cumulative assistance to women stood at RS. 378.51 crores in 22,994 cases. 65 physically handicapped entrepreneurs were assisted to the extent of Rs. 0.19 crores during the year. Cumulative assistance stood at Rs. 3.48 crores in 1,189 cases.

Head Office

Karnataka State Financial Corporation
1/1, Thimmaiah Road
Bangalore-560 052
Telephone:(080)2263322 (16 Lines)
Fax :(080)2250126
Telex :0845-8169
E-mail : ksfcho@kar.nic.com

Contact Person

Shri K.M.Shiva Kumar,
Managing Director.
Telephone: 080-2250137
Fax : 080-2250126
Telex : 0845-8169

Kerala Financial Corporation (KFC)

Kerala Financial Corporation (KFC) 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 IDBI and is functioning under the  administrative control of the State Government.

The Chairman and Managing Director of KFC is a senior IAS officer appointed by the State Government in consultation with IDBI. The Board of Directors  are highly professional in character and consist of senior executives of the state government, a representative each from RBI, IDBI and SIDBI, besides other interests like Co-operatives, Life Insurance, entrepreneurs are also represented on the Board. Highly professional and technical personnel are employed to carry on the business operations such as M.B.As.., C.As., engineers, marketing experts, etc. 

KFC caters to the requirements of the entrepreneurs by providing term-loan to small and medium scale industries for creation of assets, viz., land, building and machinery. It also provides working capital term-loan to the industrial units on competitive terms. 

Kerala Financial Corporation also provide non-fund based services like merchant banking, under-writing of public issues, project counselling, bill discounting, leasing and hire-purchase. It is operating a number of financial assistance schemes for the benefit of the entrepreneurs such as assistance for marketing activities, equipment finance, special schemes for assistance to ex-servicemen, single window scheme, etc. 

KFC provides maximum loan upto Rs. 240 lakhs. The interest on loan ranges between 13.75% to 16.5% depending upon the size of the loan and term. 

Board of directors
 

Sri. Vinod Rai I.A.S. Principal Secretary, (Finance) Government of Kerala	Chairman-appointed by the Government of Kerala under Section 10 (1) of the State Financial Corporation Act. 1951.
Sri. Amitabh Kant I.A.S. Managing Director, Kerala State Industrial Development Corporation Ltd., Kowdiar, Thiruvanathapuram	Nominated by the Government of Kerala under Section 10 (a) of the State Financial Corporations Act. 1951.
Sri. R. Raghavan Pillai 'Swathy', St. Mary's Lane Pattom, Thiruvanathapuram	Nominated by the Government of Kerala under Section 10 (a) of the State Financial Corporations Act. 1951.
Sri. P.R. Rajan Poyyara house, 23/316 P.O Komattukara, Trissur	Nominated by the Government of Kerala under Section 10 (a) of the State Financial Corporations Act. 1951.
Sri R. Achar, Deputy General Manger, Reserve Bank of India, Thiruvanthapuram	Nominated by the Government of Kerala under Section 10 (a) of the State Financial Corporations Act. 1951.
Sri P. Ojha, General Manager, Industrial Development Bank of India, Panampilly Nagar, P.B. No. 4253, Kochi - 682 036	Nominated by the Government of Kerala under Section 10 (c) of the State Financial Corporations Act. 1951.
Sri P.E.S. Vidyasagar, General Manager, Small Industries Development Bank of India,  Mercy Estate, P.B. No. 1672  M.G. Road, Kochi - 682015	Nominated by the Government of Kerala under Section 10 (c) of the State Financial Corporations Act. 1951.
Sri. R. Gopalan, General Manager, State Bank of Travancore, Thiruvananthapuram.	Elected to represent Scheduled Banks under Section 10 (d) of the State Financial Corporations Act 1951.
Sri. N. Mohanraj,  Senior Division Manager, Life Insurance Corp of India, Pattom, Thiruvananthapuram	Elected to represent insurance companies and other financial institutions under Section 10 (d) of the State Financial Corporations Act 1951.
Sri. R.K. Menon, President, Kottayam Co-operative Urban Bank Ltd., Kottayam	Elected to represent cooperative Banks under Section 10 (d) of the State Financial Corporation  Act, 1951.
Sri. N. Rajkumar Srihari, Jagathy,  Thiruvananthapuram.	Elected to represent the Public and other non-finacial institutions under Section 10 (e) of the State Financial Corporation Act. 1951.
Sri Rajesh Kumar Singh I.A.S., Managing Director, Kerala Financial Corporation, Thiruvananthapuram.	Appointed by the Government of Kerala under Section of 10 (f) of the State Financial corporations  Act 1951.

Executive Committee
Sri. Rajesh Kumar Singh I.A.S.  Managing Director
Sri Amitabh Kant I.A.S.
Sri. R. Achar
Sr. P.R. Rajan
N. Rajkumar
Sri P.E.S. Vidysagar

Principal Officers
Sri. Rajesh Kumar Singh I.A.S.  Managing Director	Sri S. Subramony  General Manager (Finance)
Sri R. Balagopala Iyer  Deputy General Manager	Sri Zenu Zacharias Deputy General Manager
Smt. M Syamala Devi Deputy General Manager	Sri B. Narayanan Thampi Assistant General Manager
Sri P. Ravindran Assistant General Manager	Sri. A. Kesava Permual Assistant General Manager
Smt. Jayalakshmi  Assistant General Manager	Sri. V.M. Abdulla Assistant General Manager
Sri S. Surendranatha Menon Assistant General Manager	Sri. N. Ashok Kumar Assistant General Manager
Sri A.G. Dinesh Assistant General Manager	Sri T.N. Narayanan Manager
Sri K. Sankara Pillai Manager	Sri. N. Jayakumar Manager
Sri K.S. Nayakom Manager	Sri R. Jayasankar Manager
Sri S. Sankara Iyer Manager	Sri N. Appukuttan Nair Manager
Sri C. Suresan Manager	Sr. M.S. Zahiruddin Manager
Sri G.S. Chandrasekharan Nair Manager	Smt. N. Vanajam Manager

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

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.

Functions And Objectives

The main function of the Corporation is to meet the term loan requirements of small and medium scale industries for acquisition of fixed assets like land, building, machinery and equipments. The loans are given for setting up new industrial units as well as for expansion and modernisation of the existing units.

The objective of the Corporation is to promote more industries in backward and developing areas of Maharashtra. Goa and Union Territory of Daman & Diu.

Organisational Set Up

The Corporation is a highly decentralised organisation and has network of offices in all the districts of Maharashtra and Goa except Gadchiroli. There are nine Regional Offices and twenty Branch Offices.

Head Office

New Excelsior Bldg., A. K. Nayak Marg, Fort, Bombay - 400 001
Tel No. 2047711/12,2047786/87

Regional Offices

Bombay Konkan	United India Bldg., Sir P.M. Road, Bombay 400 001. Tel. 2661274, 2664107, 2664452, 2660326
Pune	S.P. College Compound, above Post Office, Tilak Road, Pune - 411 030. Tel. 432282. 431145, 432437/STD-0212
Nagpur	National Indian Bldg., Mount Rd. Extn., Nagpur 440 001 Tel. 526467, 531553, 531554/STD-0712
Aurangabad	Mahavitta Bhavan, Opp. Fire Station. Station Road, Aurangabad 431001. Tel. 27254,23396/7, D-Call-152/STD-02432
Kolhapur	Udyog Bhavan Assembly Road, Tarabai Park, Near Collector Office, Kolhapur. Tel. 2245152/STD-0231
Nashik	Sundeep Apartments Co-op., Housing Society Ltd. Trimbak Road, Nashik 422 002. Tel. 72365, 72366, 77868, 77035/STD-0253.
Panaji(Goa)	Lobo Bldg., 2nd Floor, 18th June Road, Opp. Saraswati Mandir, Panaji (Goa) 403 001.  Tel. 4818,6045/STD-0832
Thane, Daman & Diu	Office Complex Bldg., 6th Floor, Wagle Ind. Estate, Mulund, Check Naka, Thane 400 604. Tel.: 5323390, 5322154/58/66/87
Amravati	Parvati Bhavan, 1st floor, Badnera Road, Rajkamal Chowk, Amravati 444 601.  Tel. 73989,73615/STD-0721.

Branch Office

Ratnagir	1068, Sai Niketan Ratnagiri. Tel. 2371
Panvel	Shruti, 148 Middle Class Hsg. Society, Karamaveer V.R. Phadke Marg, Panvel, Dist. : Raigad.  Tel. 45 25 84/ STD-021546
Ahmednagar	Wanga Bldg., Behind Swami Ganpati Mandir, Near Delhi gate, Ahmednagar414 001.  Tel. 25905/STD-0241
Solapur	Bunglow No. I.Shoba Nagar, Civil Line, Solapur 413 001.  Tel. 26686/STD 0217/152
Wardha	Dr. Mukund Junonkar's Bldg., Near Indira Market, Wardha.  Tel. 2637/STD 07152
Chandrapur	Sarai Ward, Station Road, Chandrapur.  Tel. 22797
Bhandara	Potewar's Bldg., Mahal Road, Bhandara  Tel. 2448
Jalna	Advocate Rajanikar Bldg, Gandhi Chowk Chaman Old Jalna-431203  Tel. 2836
Latur	Holikar Bungalow, Opp. Sawe Wada, Tilak Nagar, Dist. : Latur  Tel. 2497/STD 02382
Nanded	H. No. 3-7-41 (B), 1st floor, Naginaghat Road, Nanded 431 601.  Tel. 23369/STD 02462
Beed	Jaju Bldg., Near Canara Bank, Subhash Road, Beed Tel. 2516
Parbhani	Sonali Bldg., 2nd floor, Near Jilha Parishad Kanya Shala, Station Road, Parbahni 431401. Tel. 340
Sangli	Udyog Bhavan, Survey No. 300/2, Behind Tata Petrol Pump, Near Vishram Baug Rest House, Sangli-Miraj Road, Sangli 416416. Tel. 73740/STD 0233
Satara	Keshav Sona Company Complex, 15/1 A/I, Ravivar Peth, 2nd floor,(Above Canara Bank) Satara 415001. Tel. 22040/STD 02162
Jalgaon	The Jalgaon People's Co-op Bank Bldg., 1st floor, Ring Road, Zilha Peth, Jalgaon 425 001. Tel. 3808/STD 0257
Dhule	Shri R.P. Patil Advocate's Bldg., Sarvodaya Colony, Near Swastik Cinema, Dhule.  Tel. 23269/STD 02562
Kudal	House No. 1469, Mahadev Smriti, Kudal, Dist. Sindhudurg.  Tel. 430
Akola	3/3, Ratanlal Plots, Opp. Police Chowki, Akola. Tel. 25578/STD 0724
Yavatmal	Patanborikar Deshmukh's Bldg., Club Road, Yavatmal. Tel. 2661/STD 07232
Buldhana	D.M. Jatkar's Bldg., Chikali Road, Buldhana 443 001. Tel. 444
Osmanabad Contact Point	District Industries Centre, Osmanabad. Tel. 2226/STD 02472
Tarapur Contact Point	MIDC Office, Tarapur Industrial Area. Thane 401 504.

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.stpbh.soft.net/osfc

Punjab Financial Corporation (PFC)

The Punjab Financial Corporation (PFC) has been established under the State Financial Corporation Act, 1951, for providing medium and long term loans to small and medium scale industrial undertakings in the State of Punjab. It generally grants term loans for creation/ acquisition of fixed assets like land, building, plant & machinery, provides guarantee against deferred payments for the purchase of capital goods and offers underwriting facility on issue of stocks and shares to companies. The Corporation also provides financial assistance for setting up of hotels, nursing homes/small hospitals, development of industrial estates and purchase of transport vehicles, etc.

Contact

Head Office

Punjab Financial Corporation,
95-98, Bank Square,
Sector 17-B.,
Chandigarh
Telephone : +091 - 0172 - 704941,703305,
702559,703932,
Fax : +091 - 0172 - 702425
Website : http://punjabgovt.nic.in/ind553.htm
E-mail: pfc@chd.nic.in

Contact Person

Shri N.S.Kang
Managing Director

Rajasthan Financial Corporation (RFC)

Since its very inception, the Rajasthan Financial Corporation (RFC) has been striving incessantly towards its goal- that of extending a helping hand to a varied entrepreneurial section of society for their financial requirements. A goal, ultimately aimed at sparring the process of industrialization of its parent State.

For the fulfillment its prime objective, it operates various loan schemes for tiny, small and medium scale industries, many of them tailor-made for specific entrepreneurial classes.

Ever prepared to adopt as well as to adapt itself to the changing industrial needs, RFC has over the years, widened its network, multiplied its numerous schemes and added multifold to its policies and incentives, liberalising them with the need of the hour.

The latest addition is the acquisition of accreditation from SEBI as an A category merchant banker. RFC is now eligible undertake activities such as underwriting, equity participation, collaborating as co-manager/ advisor/ consultant to public issues etc. Similarly, it shall also extend other financial services like bill discounting and short term financing to its good borrowers.

Be a party to the grand task of industrialization of the State of Rajasthan, and avail any of the RFC's loan schemes.


Contact

Rajasthan Financial Corporation
Udyog Bhawan,
Tilak Marg,
P.B.- 63,
Jaipur - 302 005
Telephone: 91-141-380084-87, 380231, 382062
Fax : 91-141-383703
Telex : 365-2377 RFC IN
EMail : cmd@rfc.ernet.in

Contact Person

Smt. Kushal Singh,
Chairperson & Managing Director

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 (WBFC ) was established under the State Financial Corporation Act, 1951. The WBFC provides loans, assistance and term finance to small and medium scale industries.

Technical guidance is given to entrepreneurs for project formulation and organisation, restructuring etc. WBFC has formed Entrepreneurs Assistance Cell which holds regular meetings with commercial banks, WBSEB, WBSIC, SISI, WEBCON etc. to render services to the units seeking working capital assistance. The Cell also renders other services like arranging for various inputs like power, industrial sheds, working capital finance etc. During FY 1998 alone the cell has been able to sort out various problems related to working capital refinance, subsidy margin money, electricity etc. to 34 units from various banks. Policy decision taken to diversify activities

Short term finance by way of Working Capital Term Loan to seasonal industries vis. Tea gardens, rice mills, cold storages etc. These loans are self liquidating in character and do not qualify for refinance from SIDBI, IDBI.

The Corporation is mainly engaged in providing term finance to Small & Medium Scale Industries. However, during the last few years there has been phenomenal changes in the role of Commercial Banks and Financial Institutions. Bank & Financial Institutions are making inroads into each other's specified territory. This means that the Commercial Banks are judiciously extending the net of the terms-finance and Financial Institutions are also providing Short Term finance to the industries. The line of distinction between Commercial Banks and Financial Institutions is getting blurred. In the case of State Financial Corporations, the average cost of funds is high in comparison to that of for commercial banks and the forces of the competition are forcing them to squeeze the operating margin by reducing the spread. Along with this the mounting financial expenses for servicing the refinance/borrowings taken earlier as also the increasing administrative expenditure on account of the salary rent, are posing a threat to our business growth and profitability.

With a view to diversifying the operations and devising the ways to come out of the sole dependence on Term Lending the Corporation has had to (during the Financial Year under review) make a policy decision to extend short term finance by way of working capital term loan to seasonal industries, mainly tea gardens, rice mills, cold storages, etc.. These loans are almost self-liquidating in character and do not qualify for refinance from SIDBI, IDBI. Therefore, the loan has to be extended out of the own funds of the Corporation. With the lending rate being higher by 1% than our refinance linked rate for the intending borrowers, the Board has taken a decision that the Short Terms loan would be extended very cautiously and adequate safeguard viz. in the form of collateral security are required to be taken because of higher risk perception for such advances.

Computerisation

During the period under review, the Corporation had completed its first phase of Computerisation plan covering the activities of the Corporation like loan proposal processing, legal documentation, project consultancy, stationery management etc., under computerised systems and all Departments at head Office had been interconnected through.

As On The 30th June 1999

Shri A. Bandyopadhyay, Chairman
Shri Samar Ghosh, IAS
Shri S.K. Ghosh
Dr. A. Sahoo
Shri K.P. Ramakrishnan
Shri Brij Mohan
Shri A.K. Chatterjee
Shri A.K. Mukherjee
Shri R.V. Panchapakesan
Shri M. K. Basu
Shri D. K. Basu

Contact

Head Office
West Bengal Financial Corporation
12-A,Netaji Subhas Road,
3rd & 4th Floor,
Calcutta-700 001.
Telephones : 033-292958, 220-3259, 220-3083,220-4954
Fax : 033-2201250
EMail : wbfc@cal2.vsnl.net.in

Contact Person

Mr. D. K. Basu,
Managing Director.
Telephone: 033- 210868,210682
Shri Ashok Gupta,
Chairman.
Telephone: 033- 2215695

Regional Office

45, Ashutosh Mukherjee Road,
3rd Floor,
Subash Pally,
Siliguri
Telephone : (0353) 426615

Branch Offices

The Branch Manager
West Bengal Financial Corporation
Bankura Branch
Chandmaridanga, P.O. & Dist Bankura
Pin-722 101
Phone (03242) 51029

The Branch Manager
West Bengal Financial Corporation
Barasat Branch
95, K.N.C. Road,
P.O. Barsat, Dist, 24 Pgs. (N)
Phone : 552-3357

The Branch Manager
West Bengal Financial Corporation
Berhampore Branch
1B, Bimal Sinha Road, Ist Floor, P.O. Berhampore
Dist, Murshidabad, Pin-742 101
Phone :(03482)50633

The Dy. General Manager
West Bengal Financial Corporation
Calcutta Branch
4, Kiran Shankar Roy Road, Calcutta-700 001
Phone : 248-9765, 248-7065

The Branch Manager
West Bengal Financial Corporation
Chinsurah Branch
SBI ADB Building, Khandina More
P.O. Chinsurah, Dist, Hooghly
Phone : 80-3184

The Branch Manager
West Bengal Financial Corporation
Coochebhar Branch
M.J.N. Road, P.O. & Dist. Coochbehar
Pin-736 101
Phone: (03582) 22291

The Chief Manager
West Bengal Financial Corporation
Durgapur Branch
Commercial Estate, City Centre
Durgapur-713 216
Phone : (0343) 545752

The Branch Manager
West Bengal Financial Corporation
Krishnanagar Branch
16, D.L. Roy Road, P.O. Krishnanagar
Dist. Nadia, Pin-741 101
Phone: (03472) 52468

The Branch Manager
West Bengal Financial Corporation
Maida Branch
10/13, Rabindra Avenue
P.O. & Dist. Malda, Pin-732 101
Phone : (03512) 52111

The Chief Manager
West Bengal Financial Corporation
Midnapore Branch
Narendralal Khan Road
Station road, P.O. & Dist. Midnapore
Pin : 721 101
Phone : (03222) 62043

The Branch Manager
West Bengal Financial Corporation
Purulia Branch
PCCB Building, 2nd Floor, Main Road
P.O. & Dist. Purulia, Pin-723 101
Phone : (03252) 23238

The Branch Manager
West Bengal Financial Corporation
Raiganj Branch
Commercial Estate, Block No. IV
P.O. Raiganj, Dist. Uttar Dinajpore
Pin- 733 134
Phone : (03523) 52158

The Chief Manager
West Bengal Financial Corporation
Siliguri Branch
Pradhan Building, Rishi Aurobindo Road
Hakimpara, Siliguri, Pin-734 401
Phone : (0353) 422 585

The Branch Manager
West Bengal Financial Corporation
Suri Branch
DRDA Building, (Near Zilla Parishad Bldg.)
P.O. Suri, Dist. Birhum
Phone : (03462) 56512