COSIDICI
WBIDC
WB Government.
WB Tourism
 
Head Office : 12A, Netaji Subhas Road, Calcutta :700001
Ring : 033-2230-0055/3083/3259/4954
Fax : 033-2230-1250
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Victoria Memorial, Calcutta
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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.

Counseling and timely delivery of credit to the entrepreneurs in need are the facets of its mission. The Corporation has a strong determination to continue maneuvering the development of the under-privileged segments of the industrial economy of the State to make it adequately strong and capable of meeting the challenges of the days ahead. The Corporation has an organized cell to undertake appraisal of the industrial projects. Timely follow-up of the projects for implementation and to carry on liaison with other co-agencies, amongst others, are its objectives to ensure successful launching of newer projects.

The Corporation has its active presence through 14 Branch Offices located at the District Head Quarters. Its Regional Offices are duly equipped to coordinate the activities in the North Bengal and South Bengal.

Till date, the Corporation had its credit exposures to agro based processing, engineering, software, readymade garments, hosiery & knitting, hotels, health cares, nursing homes, pharmaceuticals, hatcheries and many other industries and services.

The Corporation has been operating as a 'A' category SFC in terms of SIDBI categorisation norms of SFCs for the FY 2001-2002

Salient Features of
THE STATE FINANCIAL CORPORATIONS (AMENDMENT) ACT,2000
(Effective from 6 September 2000)


Ceiling of Sanction per Project has been raised. Corporate Bodies and registered Cooperative Societies may now avail of loan upto Rs. 20.00 Crore per project. For others the ceiling is Rs. 8.00 Crore per Project. Varied activities have been made eligible for getting assistance.
The following are a few indicative inclusions :
 
For Providing :
Engineering,technical,financial,management,marketing or other services or facilities for industry,
  Medical,health or other allied services,
  Software and hardware services relating to information technology,telecommunications including satellite linkage,audio/video cable communication,
  All tourism related activities and services,
  Infrastructures viz., construction, roads etc.
  Research and development services,
..........and a host of others.

  WBFC is now able to undertake an wide range of non-fund based activities including various sorts of consultancy services and arrangement for .general insurance charge as corporate agent.

 

 

Click to view Message

Click to view Message

Click to view Message

Shri Amit Mitra
Hon'ble Finance Minister

Shri S.S. Chattopadhyay, IAS (Retd.)
Chairman

Shri Kamal Chakrabarty,IAS,.
Managing Director

 

BOARD OF DIRECTORS

Shri S.S. Chattopadhyay, IAS (Retd.) Chairman
Dr. Anup Kumar Chanda, IAS, Nominated by Government of West Bengal
Shri Asok Kumar Das Nominated by the Government of West Bengal
Smt. Nirajita Srinivasan Nominated by the Small Industries Development Bank of India
Shri Ramnath Nominated by the Small Industries Development Bank of India
Shri A Dasgupta Nominated by Life Insurance Corporation Of India
Shri Suriender Kumar Nominated by State Bank Of India
Shri Subrata Biswas, IAS Co-opted Director
Shri A.K. Mukherjee Co-opted Director
Shri Kamal Chakrabarty, IAS, Managing Director,

 

 

 

 

WBFC's Performance In Last 10 Years

YEAR

SANCTION 

(nos)

SANCTION

(Rs.Lakh)

DISBURSEMENT

(Rs.Lakh) 

TOTAL RECOVERY 

(Rs.Lakh)

2000-01

667

9492

6879

9327

2001-02

795

14400

9586

10137

2002-03

595

14170

10600

12484

 2003-04 

338

11778

10137

14433

 2004-05

377

17803

11098

15774

 2005-06

368

18996

11472

11824

2006-07
263
16067
13525
12849
2007-08
271
21955
14537
15727
2008-09
241
18920
16668
15907

2009-10

308

23637

18688

18206

 

Sectoral Investments of West Bengal Financil Corporation can be braoadly analysed under the following. Click to view:
  Industry wise analysis of financial assistance sanctioned as on 31-03-2010
  District wise classification for loan applications sanctioned as on 31-03-2010
 
You can also download these files in MS Excel format.
  Download Industry wise analysis of financial assistance sanctioned as on 31-03-2010
  District wise classification for loan applications sanctioned as on 31-03-2010

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