ksfc summer final

ORGANISATIONAL STUDY OF KSFC

INTRODUCTION

INDUSTRY PROFILE

THE GROWTH AND FACETS OF DEVELOPMENT BANKING.

One of the outstanding phenomena of the Indian economy

in the post independence era is the progress of development banks, which era

specialized financial institution providing medium and long term loans and risk

capital also endeavoring to perform potential role in a variety of ways. India is

known very well served by a network of development banks, which have made

valuable contribution to the industrial development of the country and growth of

the economy generally.

Beginning with establishment of the industrial finance corporation

of India, with effect from July 1, 1948, India has traversed a great deal in the

sphere of development banking. In fact, it would not be wrong to say that in the

field of development banking. In fact, it would not be wrong to say that in the field

of development banking, India is fairly advanced country, with a capacity for

providing technical assistance to the less developed countries in establishing and

running development banks.

SCOPE OF DEVELOPMENT BANKS:

Development banking is essentially a phenomena of the post war (2) years.

One of the most important reasons for the erstwhile colonies and dependencies to

secure political independence was the desire to achieve and maintain high rates of

MSNM BESANT INSTITUTE OF PG STUDIES


economic growth. Although generally developments banks and are meant to meet

the capital requirements of the private sector of an industry, with increasing state

participation in industrial growth, the development banks can also acts as providers

of long term finance to public sector institutions, on the consideration that a

financial institution can do a better job of investment appraisal and surveillance of

a project than a government department can.

STATE FINANCIAL CORPORATION :

STATE FINANCE CORPORATION ACT 1951

INTRODUCTION:

A Central Industrial Finance Corporation was set up under the

Industrial Finance Corporations Act, 1948 in order to provide medium and long

term credit to industrial undertakings which fall outside the normal activities of

Commercial Banks. The State GOVT expressed their desire that similar

Corporations be set up in States to supplement the work of the Industrial Finance

Corporation. State Government also expressed that the State Corporations be

established under special statute in order to make it possible to incorporate in the

Constitution necessary provisions in regard to majority control by the Government,

guaranteed by the State Government in regard to the payment of principal. In order

to implement the views expressed by the State Governments the State Financial

Corporation Bill was introduced in the Parliament.



STATEMENT OF OBJECTS AND REASONS

In order to provide medium and long term credit to industrial

undertakings, which fall outside the normal activities of Commercial Banks, a

Central Industrial Finance Corporation was set up under the Industrial Finance

Corporation Act, 1948 (XV of 1948). The State Governments wish that similar

Corporations should also be set up in the States to supplement the work of the

Industrial Finance Corporation. The intention is that the State Corporations will

confine their activities to financing medium and small scale Industrial and will, as

far as possible, consider only such cases as are outside the scope of The Industrial

Finance Corporation. The State Governments also consider that the State

Corporations should be established under a special Statute in order to make it

possible to Incorporate in the Constitution necessary provisions in regard to

majority control by Government, guaranteed by the State Government in regard to

the repayment of principal, And payment of a minimum rate of dividend on the

shares, restriction on distribution of Profits and special powers for the

enforcement of its claims and recovery of dues. Since the incorporation, regulation

and winding up of such Corporations fall within the purview of Parliament vide

Entry No.43 of the Union List—The State Governments have requested the

Government of India to enact the necessary enabling legislation, which is sought to

be effected by this Bill.



The main features of the Bill are as follows:—

(I) The Bill provides that the State Government may, by notification in the Official

Gazette, establish a Financial Corporation for the State.

(ii) The share capital shall be fixed by the State Government but shall not exceed

Rs. 2 crores. The issue of the shares to the public will be limited to 25 percent, of

the share capital and the rest will be held by the State Government, the Reserve

Bank, Scheduled Banks, Insurance Companies, and Investment Trusts, Co-

operative Banks and other Financial Institutions.

(iii)Shares of the Corporation will be guaranteed by the State Government as to the

re-payment of principal and the payment of a minimum dividend to be prescribed

in consultation with the Central Government.

(iv) The Corporation will be authorized to issue bonds and debentures for amounts

which together with the contingent liabilities of the Corporation shall not exceed

five-times the amount of the paid-up share capital and the reserve fund of the

Corporation. These bonds and debentures will be guaranteed as to the payment of

the principal and the payment of interest at such rate as may be fixed by the State

Government.

(v) The Corporation may accept deposits from the public repayable after not less

than five years, subject to the maximum not exceeding the paid-up capital.



(vi) 0p’pThe Corporation will be managed by a Board consisting of a majority of

Directors nominated by the State Government, the Reserve Bank and the Industrial

Finance Corporation of India.

(vii) The Corporation will be authorized to make long-term loans to industrial

concerns and to guarantee loans raised by industrial concerns which are repayable

within a period of not exceeding 25 years. The Corporation will be further

authorized to underwrite the issue of stocks, shares, bonds or debentures by

industrial concerns, subject to the provision that the Corporation will be required to

dispose of any shares, etc., acquired by it in fulfillment of its underwriting liability

within a period of 7 years.

(viii) Until a reserve fund is created equal to the paid-up share capital of the

Corporation and until the State Government has been repaid all amounts paid by

them, if any, in fulfillment of the guarantee liability, the rate of dividend shall not

exceed the rate guaranteed by the State Government. Under no circumstances shall

the dividend exceed 5 per cent, per annum and surplus profits will be re-payable to

the State Government.

(ix) The Corporation will have special privileges in the matter of enforcement of its

claims against borrowers.



STATE FINANCIAL CORPORATION :

For a vast country like India with a federal set up it is quite obvious that

development banks at the state level are necessary. This point was set forth as

already mentioned report of the central banking enquiry committee more than six

decades back. The idea of having special industrial financial institutions in the

various states was revived at the time of establishment of the IFCI.

Speaking on a motion to refer the IFC bill to a state

committee in the central legislature the then finance minister to small and medium

size industries at the state level, said he would persuade the provisions to set up

corporation similar to the IFC, to aid small scale industrial units. He also pointed

out that institutions to finance large scale and small scale industries co existed in

several other countries. In 1950 the government of India circulated a draft bill for

eliciting the views of the states and of the RBI. The state financial corporations’

bill was introduced in parliament in December 1950 and passed in 1951. It came

into force on August 1, 1952.

Thereafter, starting with the Punjab SFC in 1953, SFCs

were established in various states. All the states of the Indian union excepting

Tamil Nadu , Nagaland, Manipur, Tripura , Meghalaya , have set up financial

corporation under SFCs Act, taking the total to 18 now. The Assam Financial

Corporation operates in Tripura and Manipur. The union territories of Chandigarh,

Goa, Daman and Diu, Dadar and Nagar Haveli and Pondicherry are being served

by the Delhi, Maharashtra, Gujarat, Tamil Nadu corporations respectively.



OBJECTIVES OF SFCs

The SFCs have been authorized under sec 25 of the SFCs Act to carry on the

following kinds of business,

I. It is established with definite purpose and objective of speedy

industrialization of the state.

II. Granting of loans and advances to or the subscribing to debentures of

industrialization concern repayable with a period not exceeding 20 years

from the date on which they are guaranteed or subscribing as the case may

be.

III. Underwriting of the issue of stocks, shares, bonds or debentures by

industrial concerns.

IV. Guarantying on such terms and conditions as may be agreed upon raised by

industrial concern that are repayable within a period not exceeding 20 years

capital are floated in the public market.

V. Generally doing of all such acts and things as may be incidental to or

consequential upon the exercises of their powers or the discharging of their

duties under the act.

VI. It gives industrial finance.



FUNCTIONS AND TYPES OF ASSISTANCE:

A SFC is authorized by statue to provide different forms of assistance:

a) Granting loans or advances for periods not exceeding 20 years;

b) Subscribing debentures repayable within 20 years;

c) Guaranteeing loans raised by industrial concerns either in the public market

or from scheduled or co-operative banks and repayable within 20 years;

d) Guaranteeing deferred payments due from any industrial concern for

purchase of capital goods within India;

e) Underwriting the issue of stocks, bonds or debentures;

f) Subscribing to stocks, shares, bonds or debentures of industrial concerns

from out of the special capital referred to the above.

A corporation is also authorized to act as the agent of the central

government, state government, the IDBI or any other notified financial



institution in matters connected with grant of loans or advances or

subscription to debentures.

NUMBER OF STATE FINANCIAL CORPORATION:

At present there are 18 SFCs in the country.17 of which were

set up under the SFCs Act 1951. Tamil Nadu Industrial investment

corporation ltd set up in 1949 under the companies Act as Madras Industrial

Investment Corporation also Functions as a Full- Fledged SFC

1) Andhra Pradesh state Financial Corporation

2) Assam Financial Corporation

3) Bihar state Financial Corporation

4) Delhi Financial Corporation

5) Gujarat state Financial Corporation

6) Haryana Financial Corporation

7) Himachal Pradesh Financial Corporation

8) Jammu & Kashmir state Financial Corporation

9) Karnataka State Financial Corporation

10) Kerala Financial Corporation

11) Madhya Pradesh Financial Corporation

12) Maharashtra state Financial Corporation

13) Orissa state Financial Corporation

14) Punjab Financial Corporation

15) Rajasthan Financial Corporation

16) Tamil Nadu Industrial Investment Corporation Ltd



17) Uttar Pradesh Financial Corporation

18) West Bengal Financial Corporation

OBJECTIVES OF THE STUDY

1) To study the various departments in the organization.

2) To study the co-relation between the theoretical concept and practical

application of this concept in the organization.

3) To know about the services provided by the organization through the

various branches.



KARNATAKA STATE FINANCIAL CORPORATION:

INTRODUCTION:

Karnataka State Financial Corporation is a state level financial institution

established by state government in the year-1959, under the state financial

corporation Act-1951 to meet mainly the long term financial needs of Small and

Medium Enterprises (SMEs) in the state of Karnataka. In 1950 the government of

India circulated a draft bill for eliciting the views of the state and of the RBI. The

SFCs bill was introduced in parliament in December 1950 and passed in 1951; it

came into force on AUG 1, 1951.

The KSFC which prior to November 1, 1973 was known as the

Mysore state financial corporation was established on March 30, 1959 that is to say

the last but one day of the financial year 1959-60.Although STATE FINANCIAL

CORPORATION ACT came into effect as far back as August 1, 1952.the then

government of Mysore established corporation several years later. In the reserve

bank report on currency and finance for the year 1955-56 it was stated that the

MYSORE GOVRNMENT have also decided to set up a financial corporation.

However this event happened four years later. It has not been possible to find out

the reasons for the delay in the establishment of the corporation. As a pioneering

and responsive financial institution KSFC is fine tuned to fulfill the plans and

aspiration of entrepreneurs by extending all possible assistance.



In the 50 years of existence, KSFC has contributed most

significantly for the growth of small scale industries, backward area development

and promotion of first generation entrepreneurs. Its achievement in these areas is

unparalleled.

KSFC, as ISO 9001:2000 certified organization is proud to have

played a major role in the industrial development of the state. It is also the proud

privilege of KSFC to have assisted many industries that are internationally

recognized like the INFOSYS, BIOCON, BPL, etc.

Area of operation

KSFC operates within the state of Karnataka. Industrial/service projects setup or to

be set up in Karnataka are eligible for operation. KSFC operates within a wide

spectrum of schemes which can take care of almost every category of

entrepreneurs. The industries assisted vary from very small projects in the tiny

sector to more sophisticated projects in the fields of electronics,

telecommunication, pharmaceutical, engineering, software, and Bio-Technology,

know-how, etc.

Quality objective

The managing director, other executives and staff of the organization are

committed to ensuring that the system is effective in achieving quality and

satisfying customers both now and in the future. To this end, KSFC will strive



continually improve upon their products, service, and quality management system.

KSFC have set measurable quality objective, which will be measured against and

reported upon all regular intervals.

To foster a culture of continual improvement the organization will continue to

recognize and reward effective teamwork and individual achievement. The

organization shall also review its products process and service regularly. KSFC

invests in people and their emphasis on training acts as a testimonony to KSFC

commitment in this area.



MISSION STATEMENT:

“KSFC is committed to nature develop and service the SME sector through need

based product and service.”

VISION STATEMENT:

“Vision of KSFC is to be a premier financial institution in the country by

providing effective and efficient service to all sectors of people under one roof.

Its vision is all for one and one for all.”

GOALS

“Overall development of small scale and medium scale industries.”



QUALITY POLICY

“Customer satisfaction through professional management and team work.”

SERVICE NETWORK OF KSFC:

KSFC services the nook and corner of Karnataka with its network of 7

zonal offices , 3 super ‘A’ grade branch offices,12 ‘A’ grade branch offices, and 14

‘B’ grade branch offices with empowered and decentralized administrative system.

It is the only term lending financial institution in the state of Karnataka with such a

wide spread network.

HEAD OFFICE:

KSFC head office is located at,

M/s Karnataka state financial corporation

“KSFC BHAVAN”

#1/1 timmaiah road

Near cantonment railway station

Bangalore -560052

Tel: 22250130

Web: www.ksfc.in

SUPER ‘A’ GRADE BRANCHES:

(1) M.G ROAD BRANCH BENGALURU.



(2) JAYANAGAR BRANCH BENGALURU.

(3) RAJAJINAGAR BRANCH BENGALURU.

‘A’ GRADE BRANCHES:

(1) BENGALURU RURAL. (7) MANGLORE.

(2) BELGUAM. (8) HASSAN.

(3) DHARWAD. (9) MANDYA.

(4) MYSORE. (10) KOLAR.

(5) GULBARGA. (11) BELLARY.

(6) TUMKUR. (12) UDUPI.

‘B’ GRADE BRANCHES:

1) BAGALKOT. 8) GADAG

2) BIDAR. 9) HAVERI

3) BIJAPUR. 10) KARWAR

4) CHAMARAJ NAGAR. 11) KOPPALA

5) CHIKKAMAGALORE. 12) MADIKERI

6) CHITRADURGA. 13) RAICHUR

7) DAVANAGERE. 14) SHOMOGGA



ZONAL BRANCHES

(1)BANGALURU RURAL

(2)MANGLORE

(3)BELGAUM

(4)DHARWAD

(5)MYSORE

(6)GULBARGA

(7)DAVANAGERE



FINANCIAL SERVICES OF KSFC

KSFC is a financial super market. It extends all types of financial

assistance in the form of long term loans, short term loans (in the form of corporate

loans), lease finance, hire purchase finance, merchant banking and financial service

etc. KSFC assistance covers almost all types of industrial and service sectors.

As per SFC’s act, the following activities are eligible for financial

assistance.

Manufacture, preservation or process goods

Mining or development of mines

Hotel industry

Acquisition of transport vehicle (passenger/goods)

Maintenance, repair testing or servicing of machine

Setting up or development of an industrial area or estate

Providing weigh bridge facility

Providing medical, health or other allied services.

Construction activity

Development, maintenance and construction of roads

Providing commercial complex facilities and community centers including

conference halls



Floriculture

Tissue culture, fish culture, poultry farming breeding and hatcheries

Service industry

Research and development activities

Such other activities approved by the SIDBI from time to time

LENDING POLICY – NORMS AND PARAMETERS

Lending policy of the corporation:

The corporation formulates lending policy of the corporation at the

beginning of each year. The loans are given based on the lending policy of the

corporation. The lending policy covers various aspects like the group exposure,

thrust, and sectors in the negative list. The industry policies of the state

government and central government are also taken into account while formulating

the lending policy of the corporation.

Norms and parameters:

Cost of project: the project cost ceiling for extending financial assistance

by KSFC is Rs.12.00 crores in respect of SSI and MSI. However, in respect of

service sector projects, the ceiling cost of the project is Rs.20.00 crores. The

entrepreneurs whose project cost exceeds the above limit will have to approach

banks or other institution.



Promoter’s Contribution:

The minimum promoter’s contribution as the % of the total project cost

varies between 12.5% and 25% depending on the location of the project, various

schemes of SIDBI operated by the corporation, category of entrepreneurs etc.

Debt equity ratio:

The corporation adopts the norms of promoters’ contribution and debt equity ratio

etc, as per the guidelines by the SIDBI from time to time.

The present norms are D.E.R

Loans up to Rs 10.00 lakhs up to 3:1

Loans above Rs 10.00 lakhs up to 2:1

Loans under TDMF scheme up to 4:1

Repayment period:

The repayment period of the term loan varies between 3 to 8 years

including moratorium period of max 2 years depending on the period of

implementation. In respect of corporate loan, the max repayment period is 30

months including six month moratorium.



SCHEMES OF THE CORPORATION

NATIONAL EQUITY FUND SCHEMES

The objective of the schemes is to provide

equity type of support to entrepreneurs. Assistance from NEF helps

the small scale units in strengthening their equity base and thereby

improving their acceptability for term financing.

TECHNOLOGY DEVELOPME AND MODERNISATION

The objective of the scheme is to encourage the existing SSI to

modernize their production facilities in order to improve their

productivity, quality etc. and compete successfully in domestic and

international market.

ACQUISITION OF ISO 9000 SERIES CERTIFICATION



The purpose of assistance will be towards meeting the expenses on

consultancy, documentation audit, certification fee etc.

ASSISTANCE FOR MARKETING ENTERPRISES

The objective of the scheme is to assist entrepreneurs to set up

sales outlets or renovation, expansion of existing sales outlets for

marketing products irrespective of whether it is product of a small

scale industry or not.

INTEREST SUBSIDY SCHEME OF GOK

To encourage small and medium scale entrepreneurs and upgrade

the technology and modernize their existing production facilities

the government of Karnataka has come with an interest subsidy

scheme. This scheme is applicable to the units financed by KSFC

and KSIIDC only.

CREDIT LINKED CAPITAL SUBSIDY SCHEME (CLCSS)

The objective of the scheme is to facilitate technology up gradation

of SSI units in specified products/ sub sector by providing 12%



capital subsidy for induction of proven technologies approved

under the scheme.

ASSISTANCE TO ENTERTAINMENT INDUSTRY

The objective of the scheme is to provide financial assistance for

the construction / purchase of cinema halls and multiplex,

production of TV serials and feature films as well as software for

visual media publicity to be set up/ produced/ filmed within

Karnataka.

ASSISTANCE TO COMMERCIAL COMPLEXES

The objective of the scheme is to provide assistance to commercial

complexes which are an important infrastructure for the growth of

SME service units, marketing outlets and for small business.

NON CONVERTIBLE DEBENTURES

This scheme was introduced to subscribe the private placement of

the debentures issued by the corporate entities. The proceeds of

this debenture issue should be utilized by the companies to meet

their long term working capital.



FOREIGN LETTER OF CREDIT.

KSFC has been operating the scheme of opening foreign letter of

credit for importing the capital goods through commercial bank

exclusively for KSFC borrowers since 1995. The scheme is

operated in the HP&FS department.

PRODUCTS OR SERVICES OF KSFC:

Activities/ Schemes For

Financial Assistance Objective / Purpose

General Scheme For establishment of new Tiny/SSI/MSI/ Service units

and for expansion/modernization/ diversification of

existing units

Assistance To Construction /

Infrastructure Related Activities

For establishing commercial complexes, residential

apartments, development of residential layouts, group

housing, industrial estates, software parks, godowns,

warehouses, acquisition of ready built offices/new office

building, sales outlets/showrooms and other

infrastructure projects like flyovers, bridges etc and

construction, development and maintenance of roads.

Assistance To Hotels/

Restaurants

For setting up of medium and star category standard

hotels in the state capital, district ad taluk HQ, important

tourist centers. The hotels should have boarding, lodging

and restaurant facilities and building plan approved by



local authorities. Assistance for mobile canteens is also

available.

Assistance To Tourism Related

Activities

Setting up of amusement parks, convention centers,

travel and transport, tourist service agencies and

restaurants.

Assistance To Doctors/Nursing

Homes/Hospitals/ Electro Medical

Equipments

For setting up clinic, nursing homes, hospitals, and for

acquiring electro- medical equipment

Assistance To Entertainment

Industry

For construction and purchase of cinema halls and

multiplexes, production of short TV serials and feature

films, software for visual media publicity.

Single Window Scheme To provide loan both for fixed assets and working capital

to tiny and small-scale units whose project cost does not

exceed Rs. 35 lakhs and working capital requirement

does not exceed Rs. 15 lakhs.

Corporate Loan Scheme Short term loans to the existing successful units who

require urgent working capital funds either to meet gap in

the working capital requirements or funds required for

executing the rush of orders and also for meeting

statutory dues to government like payment of income tax,

sales tax excise duty etc. This loan is also considered for

developing/expanding new markets and opening LC for

purchase of new equipments till a term loan is sanctioned

and released.

Rehabilitation For Sick Industrial Assistance for rehabilitation of potentially viable sick



Units units.

Assistance To Qualified

Professionals

Assistance for qualified professionals- management,

accounting, medical architects, engineers, veterinary for

setting up of business enterprises, private practice and

consultancy services in their line of expertise.

A.M.A.R.A (Assistance For

Marketing Related Activities

Assistance to small and medium scale existing units with

good track record to undertake various activities

necessary to increase their sales in the domestic and

foreign markets and to create physical marketing

infrastructure.

Acquisition Of Existing

Enterprises

Assistance to existing units with good track record for

acquisition of existing assets. (Plant and machinery of

reputed make with minimum of 10 years and

industrial/commercial properties with a minimum of 20

years of residual life.

Small Road Transport Operators

(SRTOs)

Assistance to small road transport operators to meet

expenditure towards cost of chassis, body building, initial

taxes, insurance etc.

Assistance For Acquiring Private

Vehicles

Assistance to individuals, firms and companies for

acquisition of vehicles like cars, vans, omni buses,

tractors etc.

Acquisition Of ISO 9000 Series

Certification

Assistance to existing industrial concerns in the SSI

sector having a good track record, to meet expenses on

consultancy, documentation, audit certification fees,



equipment and calibrating instruments required for

acquisition of ISO certification.

Financing Of DG Sets Assistance for acquisition of DG sets/installation and

construction of dg set etc. Assistance for acquisition of

generators for purpose of hiring vehicles, trailers, DG

sets and accessories also available.

Office Automation Assistance to existing units with good track record to

acquire items like PCs, printer, copier, lax machine,

telephone etc.

Training Institution Assistance to existing units with successful track record

for setting up in-house training facilities including

construction of building, acquisition of furniture,

equipments etc.

Limits of Assistance

Category Maximum loan

Proprietary Concerns

/Partnership Firms

Rs. 200.00 lakh

Private And Public Limited

Companies And Co-Operative

Societies

Rs. 500.00 lakh



Debt Equity Ratio

For Loans Up To Rs. 10.00

Lakh

3:1

For Loans Above Rs. 10.00

Lakh

2:1

RSR Scheme Flexible

Modernisation Scheme

(Overall)

2:1

Promoter’s Contribution

Particulars Minimum percentage on Project Cost

Backward District /Regions 20%

Non- Backward District

Regions

22.5%

RSR Flexible

DG Set Loan 10%



UTI MUTUAL FUND PRODUCTS

KSFC has entered into MOU with UTI MF for distributing UTI MF products. UTI

Mutual Fund is one of the leading Mutual Funds in the country. It has got more

than Rs.1, 35,000 crores worth of assets under its management. It has got more

than 40 schemes to offer, suitable for short term and long term investments in the

category of debt funds, balance funds and equity linked schemes. The

individuals, co-operative societies, private limited companies, charitable trusts and

PF trusts, co-operative banks can invest their inevitable surplus in the UTI Mutual

Fund products.

The Corporation has got professionally trained persons to guide in the investment

process of UTI Mutual Fund at Head Office and Branch Offices. The service

carries no extra charges.



MONITORING AGENCY

As per SEBI guidelines any company which is issuing more than Rs.500 crore

shares for subscription by the public, has to appoint a monitoring agency. KSFC is

a notified agency for this. The work involves inspection of the books of accounts

and physical assets of the company every six months, until the completion of the

project to verify and certify that the proceeds of the issue are utilized towards the

objects of the issue declared in the prospectus. The companies planning to issue

IPOs can utilize the services of Corporation for Monitoring Agency assignment as

per SEBI guidelines.

NON-LIFE INSURANCE

The Corporation has entered into an MOU with IFFCO TOKIO General Insurance

Co. for marketing its non-life insurance policies.

This would enable the clients of KSFC to have credit and the insurance cover

under one roof. The premium tariffs applicable are same as the other insurance

companies and at no extra service charges. An exclusive Insurance Cell with well-

trained staff is in operation at Head Office and also at all the Branch Offices.

The details of the general perils covered are:

1. Fire

2. Earth quake

3. Burglary



4. Machinery breakdown

5. Marine

6. Cash safe/transit

7. Fidelity guarantee

8. Household insurance

9. Personal accident cover

10.Medical insurance

11.Vehicle insurance

12.Bankers indemnity

13.Trade and office

14.Electronic equipment

PROCEDURE FOR AVAILING FINANCIAL ASSISTANCE:

A special cell viz., Entrepreneur Guidance (EG) section headed by

an asst. general manager operates at the head office of the corporation to guide

the entrepreneurs’ in respect of various schemes operated by the corporation,

loan facility etc, and also provides information about the minimum requirements

to be given to enable them to be called before the project clearance committee

chaired by the MD which meets once in a week.



A brief project profile will have to be given by the

promoters to enable the same to be placed before the committee. The details are

to be given as per the format provided by the corporation.

After receipt of the project profile as per the format along with

the bio-data and net worth details, the main promoters are called for discussion

with the committee and after discussion, if the project is found support worthy

the application form is issued on the spot. A set of 3 applications are issued.

The duly filled applications have to be submitted in duplicate along with

various enclosures as per check list given in the application form. One

application may be retained by the entrepreneur for reference. The application

form will have to be submitted along with the applicable processing fees.

The following are the fee structure prevailing at present.

Application processing fees: ½ %of the loan amount.

Upfront fee :

SSI and other ½ % of the loan amount.

Medium scale industries 1% of the loan amount.

The upfront fee will have to be paid at the time of legal

documentation or before availing the first disbursement of the loan amount. The

application processing fee and upfront fee are non refundable. However, in case

the loan application is rejected, refund up to a maximum of 75% of processing fee

paid is allowed on a case to case basis.



Legal fee: In addition to the above, documentation fee for legal

scrutiny of the title deeds, execution of hypothecation and mortgage deed., at 0.1%

of the loan amount.

The EG department after scrutinizing the application and

the enclosure submitted, draws the receipt for the processing fee paid and

forward the application to the credit department through general manager

(CREDITS). The credit department appraises the project and disburses

funds after the sanction of loan and will monitor the implementation of

the project till the project is completed and final disbursement made.

ORGANISATIONAL STRUCTURE OF KSFC:

KSFC has extensive network, offices encompassing entire Karnataka.

KSFC services every nook and corner of Karnataka with its network of 7 zonal

offices, 3 super ‘A’ grade branch offices, 12 ‘A’ grade branch offices and 14 ‘B’

grade branch offices with en empowered and decentralized administrative system.



It is the only term lending financial institution in the Karnataka with such a

widespread network.

Chairman, Board of directors and the managing director

appointed by the state government, make policy decision and road map to KSFC.

The day to day administration is monitored by managing director .The head office

have various departments to give service to the customer. KSFC has two executive

directors (FINANACE AND OPERATION) and 6 general manager-corporate

planning, credits, internal audit, zonal, administration and asset reconstruction. At

the senior management level DGMs’, AGMs’, with a legal advisor and two

additional legal advisors are functioning. Mangers and deputy managers are

executing the policies at the middle level. Zonal offices and super ‘A’ grade

branches are headed by DGMs’. All ‘A’ grade branches are headed by AGMs’.

Managers head all ‘B’ grade branches.

ABBREVAITIONS:

MD-MANAGING DIRECTOR

ED- EXICUTIVE DIRECTOR

EA-EXICUTIVE ASSISTANCE



GM-GENERAL MANAGER

DGM-DEPUTY GENERAL MANAGER

IA-INTERNAL AUDIT

P, A&T- PERSONNEL, ADMINISTRATION AND TRAINING

AR-ASSET RECONSTRUCTION

BO-BRANCH OFFICE

HO-HEAD OFFICE

AGM- ASSISTANT GENERAL MANAGER

HP&FS-HIRE PURHUSE AND FINANCIAL SERVICE DEPARTMENT

FSD-FINANCIAL SERVICES DEPARTMENT

CP-CORPORATE PLANNING

MIS-MANAGEMENT INFORMATION SYSTEM

BD & CR- BUSINESS DEVELOPMENT AND CREDIT RESEARCH.

CGS-CUSTOMER GRIEVIANCE CELL

ZM-ZONAL MANAGER

BM-BRANCH MANAGER.

LIST OF BOARD OF DIRECTORS

S l. No NAME DESIGNATION

1) Shri. M.R. Sreenivas Murthy, IAS CHAIRMAN



2) Dr. Rajkumar Khatri, IAS DIRECTOR

3) Shri V Madhavan Nair, IAS DIRECTOR

4) Shri. Ramesh Dharmaji DIRECTOR

5) Mrs V Kalyani DIRECTOR

6) Shri S R Hanchinamani DIRECTOR

7) Shri C. Basavegowda DIRECTOR

8) Shri G S Doreswamaiah DIRECTOR

9) Shri Nataraj V Angandi DIRECTOR

10) Shri H V S Krishna DIRECTOR

11) Shri Kaushik Mukarji MANAGING DIRECTOR

FUNCTIONS OF VARIOUS DEPARTMENTS OF KSFC

1) RECOVERY DEPARTMENT:



Collection of amounts due is termed as Recovery. Recovery of money is one of the

major sources of the funds for the corporation. The health of the corporation is

judged by the extent of recovery that it can effort. The repayment period is

generally fixed up to 7-8 years with a moratorium period of 1-2 years for sound

viable project.

Head Office has 2 recovery department called recovery-1 and

recovery-2. R1 looks the Bangalore cases, R2 looks after the outside Bangalore

cases. It has also 2 Deputy G.M.to looks after recovery works for BENGALURU

and other than BENGALURU cases. The total recovery during the year 2007-08

was Rs 561.14 crores as compared to Rs 502.74 crores made in the previous year.

Recovery in respect of loans was Rs542.24 crores. Rs 0.30 crore in respect of hire

purchase, Rs 1.80 crore in respect of leasing and Rs 16.80 crore in respect of

financial service

2) LEGAL DEPARTMENT:

1) It is one of the important department in the organization.

2) Whenever the person applies for the loan this department will scrutinize the

document.

3) They will create proper securities.

4) They may take personal guarantee.

5) They will take securities such as fixed asset land documents, etc.

6) If the borrower does not pay proper interest then this department will issue

legal notice, suit files etc.,



3) ISO CELL

1) Documentation of quality management system.

2) Issue and control of ISO document.

3) Arranging for requisite ISO training program for personnel.

4) Conduct of internal quality audit once in 3 month.

5) Co-ordination with M/s Bureau of Indian Standards, Bangalore for conduct

of renewal audits.(re-certification)

4) MANAGEMENT INFORMATION SYSTEM DEPARTMENT

1) It prepares annual corporate budget and fix target in the key of operational

area.

2) Collect and comprise weekly and monthly performance from branch office

or department at head office and furnishes the performance reports and other

to the management for taking appropriate decision.

3) Furnishing of performance of corporation t SIDBI monthly, quarterly,

annual returns.

4) Furnishing information to government department industries and commerce

department.

5) Prepares operational statistics of corporation.

6) SECRETARY DEPARTMENT



It facilitates smooth functioning of management

(Board, constitution of board, executive committee) conducts board meeting

executive committee meeting, servicing the share holders, policy making by

policing the matters before the board to facilitate policy making for efficient

working of corporation by placing the important matters before the board for

executive committee.

7) CREDIT DEPARTMENT

1) It collects the data from the loan applicants.

2) It verifies the data.

3) It appraises the project on all aspects in financial, technical, marketing,

etc.

4) Based on the viability of the project it recommends the loan.

8) PERSONNEL, ADMINISTRATION AND TRAINING DEPARTMENT.



The manpower strength the corporation stood at 1230 at the end of the

march 2008 as against the 1266at the end of the March 2007. 78

employees/officers were deputed to external training program during the

year 2007-8.

The corporation has classified employees as

class-A, class-B, class-C employees.

Class-A consist of executives directors, general managers deputy

general managers, assistant general managers, managers and deputy

mangers

Class –B consist of assistant managers, assistants, stenographers,

Typist and clerks.

Class –C consist of drivers, daffedars, peons etc.

The corporation has unique combination of

professionals on its pay-rolls- CAs, CFAs, MBAs, MAs, MCOMs, LLBs,

M.TECHs, BEs, PhDs, etc. thus diversity in its human resources is one of

the great strength and asset of the corporation.

OBJECTIVES:

Individual development

Coordinating between employers and employees

Selection of employees

Good relation with trade union



FUNCTIONS:

Framing HR policies

Training and development

Recruitment, transfer and promotions

RECRUITMENT AND INCENTIVES:

In KSFC there are number of incentives given to the employees in the

form of reimbursement of convenience and medical expenses and

advances at concessional rates to employees such as house building

advances motor car advances etc.

The KSFC is also introduced various schemes for the employees like

voluntary retirement scheme (VRS) where employees can opt for

retirement voluntary.

In appraisal, the employees overall performance is assessed for the

his/her promotion

There is a reservation to SC/ST category for recruitment and

promotion



9) HIRE PURHASE AND FINANCIAL SERVICES

The fee based and financial services activities such as underwriting of

public issue, issue management, pre-issue project appraisal and project

report preparation are under taken by hire purchase and financial

department at head office. The operations of the schemes such as bill

discounting, equity participation, financial guarantee have been

temporarily suspended.

A) FUND BASED ACTIVITY

Bill discounting scheme.

Equity participation.

Factoring facility.

Subscription to non-cumulative debentures.

B) NON-FUND BASED ACTIVITY

Deferred payment guarantee.

Underwriting of public issue

C) FINANCIAL SERVICES

Issue management.

Pre-issue project appraisal.

Foreign letter of credit.

Project report preparation.



10) LIBRARY

KSFC have full- fledged special library will collection of books on

finance, industries, banking etc.

Library maintains data bank on industrial updates.

It also contains KSFC news, magazines, various special subject

journals related to finance, management, technology, banking, etc

annual reports of KSFC and other SFCs, different daily news papers.

11) CONTROLLER DEPARTMENT

It is one of the big department in the organization. It consists of 4

departments, they are accounting-1, accounting-2, accounting-3,

accounting-4, and functions are;

To ensure timely issue of cheques to the customer.

All it is concerned with passing the various bills such as TA, DA,

customer bill, etc.

A-2 department deals with maintain ace of customer a/c, loan a/c,

etc where in all disbursements are entered into the ledger and also

maintain statement of account to loanees.

A-3 deals with cash. It is concerned with actual receipt of cash

and writing of cash book.

A-4 deals with consolidation of a/c’s of all the

branches/reconciliation of fund transfer.

This department also concerned in preparation of P&L a/c and

balance sheet.



12) INFORMATION TECHNOLOGY DEPARTMENT

It helps in maintaining and updating the records of the data of

customers.

The effective use IT in accounting and all operational aspects of the

corporation.

Improved customer service.

Improvement in communication through advanced technology.

Better controlled over decentralized operation.

13)ASSET RECONSTRUCTION DEPARTMENT.

This department handles chronic default cases, MR cases and cases

where suits are filled for further recovery.

Department also engaged in the task of liquidating assets which are

seized/ taken over as per the power conferred to KSFC u/s 29 of the

SFCs Act.

It ensures recover loan installments with interest and other applicable

charges out of NPA cases.



14) SEC-29 DEPARTMENT.

The objective of this department is to help recovery out of chronic

under SEC-29 of SFCs Act pertaining to branch offices where the loan

sanctioned is Rs 25 lakhs or more assets take over U/S 29 will be bought for

sale through negotiation committee which is headed by ED (F).

The sale of assets will be finalized and branches will be

advised to complete the sale process wherever the sale of assets is approved

by competent authority.

15) INTERNAL AUDIT DEPARTMENT.

The internal audit department is located at HO with internal audit

cell at MYSORE, DHARWAD, and RAICHUR.

The department conducts audit of corporation covering all the areas

of sanction, disbursement, recovery, finance and accounts, legal

documentation, and general administration etc.

The internal audit department at HO is functioning as a nodal office

and coordinating the works of internal auditors and the audit

committee of the board.



16)TREASURY DEPARTMENT .

To mobilize funds at competitive cost to meet the requirement of

KSFC promptly services the funds raised.

The financial year 2007-08 was an year of challenging in terms

of resource mobilization and the need for the re-capitalization.

17) BUSINESS DEVELOPMENT AND CREDIT RESEARCH DEPARTMENT.

BD & CR department conducts business promotional activities to

enhance business opportunities for corporation to explore the possibilities of

extending financial assistance. The department undertakes following

activities.

TO design viable schemes based on the market and customer

requirements.

The department carries out the advertisement & publicity assignment

and printing of promotional materials.

The department brings out KSFC news an in house magazine of

corporation.

Follow –up with successful Entrepreneurs to provide financial

assistance for expansion/ diversification.



18) ENTREPRENUER GUIDENCE DEPARTMENT.

To have interface with existing and potential customers and extent

them necessary guidance to get financial assistance from the

corporation.

The Entrepreneurs who approach for availing a loan in the corporation

are given proper guidance in their respective business field.

To create a good volume of business to corporation with its lending

policies keeping an eye on qualify with an intension to create

qualitative portfolio.

19)CUSTOMER GRIEVIANCE CELL DEPARTMENT.

It is a government owned institution and it’s accountable to the

public.

Every 1st Saturday of the month meeting is conducted to address the

cases reported to PGC.

20)FINACIAL SERVICES.

An exclusive insurance cell with well trained staff is operated at

HO.

The corporation has entered into a tie up with IFCO-TOKIO general

insurance products. The corporation has commenced operation of

these services from 27/02/2002.



The corporation has also taken up marketing life insurance product

of LIC.

As per SEBI guidelines, IPOs of more than Rs 500 crores needs to

be monitored by way of appointing monitoring agency. The

corporation is known taking such organizations. It now been listed

in SEBI as “monitoring agency”. This activity will be taken up as

fee based activity.

RESPONSIBILITY AND AUTHORITY OF KEY PERSONNEL OF KSFC

Responsibility and authority of Managing Director

A)Managing Director

M.D is the chief executive officer of KSFC responsible for overall

strategy, policies, resources and operation of the business. He is the

authority for implementing the directives of the board and also the

disciplinary authority; as such he leads KSFC quality initiatives.

Responsibility and authority of Managing Director

1) Setting the targets for various performance parameters& their

accomplishment through suitable operational strategies



2) Empowered to carry out executive function including quality system either

independently or through delegation of authority.

3) In addition to the above he is responsible and authorized

a) To define & review the quality policy and quality objective of KSFC.

b) To define and develop the organizational structure, defining authorities&

responsibilities of personnel and their inter relationship.

c) To provide adequate material and human resource.

d) To appoint management representative.

e) To conduct management reviews.

EXECUTIVE DIRECTOR (OPERATIONS)

1) Carrying out business operations as per the targets set for different

performance parameter.

2) Managing the affairs pertaining to entrepreneurial guidance, businesses

develop.

3) Issuing operational guidance.

4) Effective implementation of quality system in his functional areas including;

a) Review of quality objective.

b) Documents and data control.

c) Verification plan and their measurement.



d) Control of non conforming service and product.

e) Corrective and preventive action.

f) Process control and its validation.

EXECUTIVE DIRECTOR (FINANCE)

1) Managing the affairs pertaining to finance and treasury.

2) Managing the affairs pertaining to leasing and hire purchase finance.

3) Managing the affairs pertaining to all branches and zones.

5) Effective implementation of quality system in his functional areas including;

a) Review of quality objective.

b) Documents and data control.

g) Verification plan and their measurement.

h) Control of non conforming service and product.

i) Corrective and preventive action.

j) Process control and its validation.

k) Quality management review.

GENERAL MANAGER (CREDITS)

Responsible for



1) Matters pertaining to sanctions disbursement and monitoring to HO under

authority delegated from time to time.

2) Supervision of functioning of credit department.

3) Appraising the projects of specific category and recommending sanction of

loans to the sanctioning authority.

4) Finalizing the contract.

5) Release a sanctioned loan as per contract.

6) Transfer the loan file to recovery after final release of loan.

GENERAL MANAGER (ASSET RECONTROCTION)

He is responsible for

1) Matters pertaining to recovery from deputy commissioner and

memorandum register port folio of the corporation including

2) Investigation of personal property.

3) Investigation of missing asset and persons.

4) One time settlement of proposal from Bangalore and head office.

5) Supervision and guidance to zonal managers and branch managers.



GENERAL MANAGERS (ZONES):

There are two zones, north and south.

1) Effective and efficient functioning of branch office in respect of

a) Business development.

b) Entrepreneurial guidance.

c) Enquiry handling.

d) Handling of application.

e) Appraisal of project.

f) Recovery of loan.

g) Internal audit of branch officers



OPERATIONS AT A GLANCE:

(Rs in crores)

Particulars 2005-06 2006-07 2007-08 Since

inception up

to31.03.2008

Paid up capital at the

year end

97.84 97.84 97.84

Gross sanctions

a. Number

b. amount

1161

3 16.20

1326

424.53

1195

368.15

159225

8536.53

Assistance to SSIs

a. number

b. amount

788

165.00

875

178.53

795

173.05

103595

4495.42

Disbursements 199.86 310.39 303.13 6829.53

Loans outstanding 1342.28 1320.71 1264.58 -

Recoveries 555.06 502.74 561.14 -

Percentage of NPA 46 33 24 -

Income 210.16 195.71 265.21 -

Expenditure 204.50 182.31 201.92 -



Operating profit 8.56 17.32 31.66 -

KARNTAKA STATE FINANCIAL CORPORATION

BALANCE SHEET FROM 2003-2004 TO 2007-2008 (Rs in lakhs)

Particulars 2003-04 2004-05 2005-06 2006-07 2007-08 C

APITAL AND LIABILITIES:

Share capital 12467.55 12467.55 12467.5

5

12467.55 27467.55Loan pending conversion to share capital 917 .69 917 .69 917 .69 917 .69 917 .69Reserve fund and others reserves 425.00 425.00 425.00 425.00 5640.69Term borrowing 182492.79 175269.2

0

176808.

83

164985.1

0

156142.19Current liabilities &provisions

TOTAL 207522.31 207557.2

9

203053.

09

186612.1

1

209069.08

Cash and bank balance 4655.88 12401.70 11563.8

7

4871.07 4995.99Investment 515.50 444.06 456.86 369.91 15317.17Loans and advances 127505.27 122265.7

5

106924.

43

105790.6

1

105734.63Fixed assets 1366.46 1022.14 821.85 748.21 6155.17Current assets 12888.92 11107.74 22970.1

6

14741.07 22937.62Profit and loss account balance 60590.28 60315.91 60315.9

2

60091.24 53874.50

TOTAL 207522.31 207557.2

9

203053.

09

186612.1

1

209069.08

: Notes and significant accounting policies forming part of accounts



SOURCE: KSFC ANNUAL REPORT

KARNATAKA STATE FINANCIAL CORPORATION

PROFIT AND LOSS ACCOUNT FROM 2003-04 TO 2007-08

Particulars 2003-04 2004-05 2005-06 2006-07 2007-08

INCOME:

Interest income 20798.22 20531.4

7

17394.8

7

16721.7

0

18894.75

Other income 2399.55 1264.50 3621.19 2849.70 7536.72

TOT

AL

23197.77 21795.9

7

21016.0

6

19571.4

0

26521.47

EXPENDITURE:

Interest and other financial

expenses

18740.43 17670.3

7

16780.6

2

14110.6

6

13634.01

Personnel expenses 2280.32 2584.28 2581.67 2856.76 3383.73

Administrative expenses 766.49 764.85 758.22 827.89 808.97

Bad debts written off 792.35 340.80 155.81 355.81 413.39

Provisions towards contingencies - - - - 1875.56

Depreciation 719.21 356.28 174.57 80.72 76.11

TOTAL 23298.80 21716.5

8

20450.8

9

18231.8

4

20191.77

Profit before tax: -101.04 79.40 565.17 1339.56 6329.70

Less: provisions for fringe benefit tax - - 39.00 44.19 41.00Less: provision for diminution in the value of

investment0.00 - - - -

Provision for wealth and income tax-prior years - - - - 71.96Add: excess provision on NPAs of earlier years written back 121.42 177.04 - -Add: excess provision on investments of earlier years written

back66.92 17.93 - -



Available for appropriation 87.30 274.37 526.17 1295.37 1295.37

Adjusted towards dividend deficit a/c - - 526.17 247.05 247.05

Less: dividend payable to GOK 823.64 823.64

B/F loss from previous year -

60,677.5

-

60590.2

-

60315.9

-

60315.9

-

60091.24Surplus/deficit C/F to balance

sheet

-

60590.28

-

60315.9

-

60315.9

-

60091.2

-

53874.50: Notes and significant accounting policies forming part of account (Rs in lakhs

NPA CHART:

YEAR 98-99 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09

NPA % 40.21 44.31 49.16 49.16 49.16 55.6 50.62 46.09 32.8 24.11 9.29



SWOT ANALYSIS

STRENGTH:

1) Government organization

KSFC was established under state Financial Corporation Act-1951, by the

government. The state government has more than 50% of the stake holding

And hence has gained public confidence.



2) Wide network coverage

KSFC has branches all over the state. There are branches in every district

so that the people can have a better access to the corporation and avail the

assistance they need.

3) Human resources

KSFC managers and personnel are competent to perform their assigned

task and have the ability to resolve any problems either directly or in

consultation with the other functional executives. The existing personnel

who perform task effecting quality are made aware of the importance of

their work and how it affects their overall quality of the products and service

provided by the organization

4) Diversified facilities

KSFC not only provides term loans and assistance to small and medium

scale industries but also deals with mutual funds, insurance and also

provides other services.

5) Quality service



The managing director and other executives end staff of the organization are

committed to ensuring that the system is effective in achieving quality and

satisfying customer both now and in the future.

6) Flexible repayment period.

7) All financial services under one roof. i.e. availability

WEAKNESS:

1) Higher interest rates:

Interest rates are costlier when compared to nationalized and private

banks and view of this it is difficult for the organization to attract good

customer.

2) Adaptability :

Changing the policy adopted may be difficult to the organization,

because it is a statutory corporation with lots of government control.

3) Lack of internal financing

The corporation is heavily dependent on outsider’s fund. I.e. there is

no internal financing.



4) Very long procedure in some schemes

OPPORTUNITIES:

1) Infrastructure development is what the companies are asking can be

financed to large extent.

2) Growing population provides an opportunity to innovate new products

and services to serve them.

3) The rate of growth of economy also provides an opportunity to extend the

financial assistance to an increasing trend.

4) Development in infrastructure sector.

THREATS:

1) Private bank likes ICICI, HDFC and commercial banks are very

aggressive in financing loans by reducing their lower interest rate and

processing time in their corporate finance.

2) Some corporations like IDFC are focusing their operations only on

particular area like infrastructure.



3) Longer procedure, too many terms and conditions may create bad

impression among the customer.

4) Commercial banks are coming up with new innovative ideas for

increasing the loan amount.

FINDINGS:

Prior to providing assistance to a new unit an intensive study is

done on the technical feasibility and financial liability of the

proposed project by appropriate expertise in the field.



KSFC has norms to decide the repayment period for a loan. Apart

from this cash generation capacity of the proposed project is

considered to fix up actual repayment period.

KSFC provides guidelines to the borrowers, and supervise/monitor

the progress of a project and makes follow up during the period of

project implementation.

A borrower can avail financial assistance under more than one

scheme and can take additional loan before repaying the previous

loan. But this depends upon the existing loan transactions with the

corporation.

The concentration of SSI units in and around Bangalore is more,

comparatively to the other parts of the state. Most of them are

proprietary concerns and private limited companies. So KSFC has

to add new schemes for providing financial assistance to SSI units

by charging lesser rate of interest. This will attract new customers

to KSFC.

The corporation is effectively utilizing its human resources.

SUGGETIONS:

KSFC should reduce the time required to approve the loan sanction

period.



In KSFC interest rates are high compare to the other commercial

banks. It should be revised. For this government control should be

minimized and working should be done as in a private company.

Targets should be set to the recovery officers and a special incentive

should be provided to those officers who achieve their targets.

The organization structure should be modified and surplus staff

should be downsized so that overhead expenses are reduced.

The appraisal department has to consider more parameters in the area

of technical analysis, financial analysis, and marketability of the

product while sanctioning the financial assistance to the project.

ACHIEVEMENTS OF THE CORPORTION

KSFC completed 50 years of operation. It has contributed significantly for the

growth of the economy of the state in particular country in general. It has created a

strong employment base during 1970s, 1980s, 1990s; .It has extended financial



assistance to rural area, cottage industries and other economically weaker section

of the society under special loan scheme. KSFC has developed good no of first

generation entrepreneurs. INFOSYS, BIOCON, BPL and many other big

companies now are assisted by KSFC in the initial establishment.

The proud achievements of KSFC

1) INFOSYS, BOICON, BPL were one time customer of KSFC.

2) It is an ISO 2000:9001 certified institution.

3) It has created employment directly to more than 30 lakhs people

indirectly about 50 lakhs.

4) About 18 % f the SSI assistance in the state is by KSFC.

5) KSFC has contributed for social up-liftment of the state.

6) It was no 1 SFC among the SFCs till 2003.

7) It has reached the common man of the state to come forward to

establishing in the SSI units by its well established branch system.


ksfc summer final

Documents

state corporations

industrial development

state finance corporation

state govt

industrial growth

government of india

scope of development

industrial undertakings