Presentation On KSFC (Your partner in Progress)

By :Group 3

Contents
Introduction. Area of Operations. Purpose of Assistance. Financial Service. Financial assistance Limits of Accommodation. Important Loan Scheme. Activities. Procedure for availing financial assistance.

Introduction
KSFC is state level Financial Institution
established by State Government in the year 1959 under the state Financial Corporation Act to cater the long term financial needs of SMEs in the state of Karnataka.
KSFC is an ISO 9001-2000 Certified Organization has played a major role in the industrial development of Karnataka.

Area of Operations
KSFC extents loans to industrial units / service sector / to be established in State of Karnataka Industrial concerns having registered office outside the state of Karnataka.

Purpose of assistance
The corporation extends financial assistance for acquiring Fixed assets like Land , Building, Plant and Machinery, and Miscellaneous, assets required for the project. It also extends working capital to new units.

Financial Services
KSFC extends all types of financial assistance in the form of long term loans, Corporate loans to meet short term working capital needs.
KSFCs assistance covers all most all types of industrial and service sectors.

Financial Assistance
Assistance from KSFC is available to industrial concerns as defined under the State Financial Corporations Act.1951
Some of the activities are eligible for financial assistance are to be engaged in manufacture, Preservation, Processing of goods, Mining , Power generation,Transportation,Hotels&Restaurants,Dev elopment of any products or process connected to Industry.

Limits of Accommodation
Category Maximum laon 1. Proprietary/Partnership Rs. 200.00 Lakh 2. Corporate bodies(Both Rs. 500.00 Lakh private,public limited), registered co-operative societies

Importance of Loan Scheme Operated by KSFC

General Scheme : The corporation extends financial assistance for new enterprises to establish SSI/MSI Service unit and for expansion, Modernization, Diversification etc.

Scheme for Technology Up gradation for Textile Industries.(TUFC): The main objective of scheme is to provide encouragement for Textile Industries (including cotton ginning and pressing units.) in the small scale industries sector for technology up gradation & to modernize their production facility.

Contd.
Credit Linked Capital Subsidy Scheme (CLCSS): The objective of the scheme is to
facilitate technology up gradation of SSI units / SSI units graduating to MSI in a specified products/ sub-sectors by providing 12% capital subsidy on the loan given for the machinery.
Technology Development Modernization Fund Scheme (TDMF): The objective of the scheme is to encourage the existing SSIs to modernize their production facilities in order to improve productivity, quality etc

Contd
Single Window Scheme (SWS): This loan scheme is for providing assistance to new small units whose project cost (excluding working capital margin) doesnt exceed Rs.50 Lakh & the total working capital requirement at the normal level of operation is up to Rs.20 Lakh. Corporate Loan Scheme (CL): The objective of the scheme is to extend short term loans the existing successful units who require urgent working capital funds either to meet the gap in the working capital requirements.

Activities
Hotels & Restaurants General loans for setting up new large, small & medium scale enterprises & service sector units Tourism related facilities(Amusement Parks, Convention Centers , Travel & Transport) Hospitals & Nursing Homes. Acquiring electro medical equipment, setting up for medical stores Transport Loans

Contd..
Industrial Estates,IT Parks, Ready built office space, Training Institutions, Goddowns, Warehouses. Group housing sector. Construction & Purchase of commercial complex. Development/ Maintenance/ Construction of roads.

Contd
Qualified professionals( Management, Accounting, Medical Professionals, Architects & Engineers) Improvement of sick units.