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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 |