This article needs additional citations for verification .(December 2024) |
Company type | Public sector |
---|---|
Industry | Financial services |
Founded | 1953 |
Headquarters | Vellayambalam, , India |
Number of locations | 21 Branch Offices |
Area served | Kerala |
Key people | |
Services | |
Owner | Government of Kerala |
Website | https://kfc.org/ |
The Kerala Financial Corporation (KFC), a public sector undertaking, is a state-owned financial corporation. [1] The Kerala Financial Corporation (KFC) was established by the State Government as per the State Financial Corporations Act of 1951, passed by the Parliament of India, to accelerate the industrial growth of the state of Kerala. The corporation was formally founded as the Travancore Cochin Financial Corporation on 1st December 1953 and was later renamed Kerala Financial Corporation in 1956 following the state's reorganization. KFC now has 21 branch offices with its headquarters in Thiruvananthapuram. [2]
The Corporation has now emerged as a Financial Supermarket giving the customers a wide range of products and services. The Corporation can give financial assistance for setting up of new units and for the expansion/modernisation/diversification of existing units in both manufacturing and service sectors. The Corporation is one of the best State Financial Corporations in the country with a competent tech savvy team of professional at the core of services. [3]
KFC has emerged as the best performing public sector undertaking in Kerala. It would also rank No.1 amongst all State Financial Corporations in the country in terms of profitability and low level of NPA. KFC has also set up a KFC Consultancy Division with a view to render excellent consultancy services to its clients as a Total Solution Provider. The Corporation is the first PSU in Kerala and first SFC in India to initiate Corporate Social Responsibility (CSR) activity. [3]
Clause 251(e) of the State Financial Corporations Act, 1951 allows KFC to act as an agent of the State government in matters related to granting of loans and advances. Through government orders in April 2022 and November 2023, KFC was given permission to act as an agent of the government to provide short-term loans of ₹500 crore each to Kerala Social Security Pension Ltd (KSSPL) at an interest rate of 7.75%. This was on the condition that the KFC would mobilise its own funds with any financial commitment or guarantee from the government. [4]
The Corporation has sanctioned loans to around 65,000 enterprises to date. The Kerala Financial Corporation is also recognized as one of the best-performing state financial institutions in India. [2]
KFC Startup Kerala, a flagship initiative of the KFC, provides comprehensive support to promising startups at all stages. [5] KFC's Kerala MSME Bill Discounting Platform is aimed to ensure liquidity to MSMEs by discounting their outstanding bills from the government. The corporation launched the platform in association with Receivables Exchange of India Limited (RXIL), an RBI-approved company. RXIL is a joint venture of the Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India (NSE). [6]
The institution reported a substantial increase in net profit in financial year 2023-24, reaching ₹74.04 crore, marking a 47.54% rise from the previous year’s figure of ₹50.19 crore. The loan portfolio exceeded ₹7,000 crore for the first time, reaching ₹7,368 crore, while its net worth touched ₹1,064 crore. [7]
To expedite the process, KFC offers fast-track processing and a generous moratorium period of up to 3 years. Flexible repayment options extend up to 20 years, ensuring manageable financial commitments. The application process is conveniently streamlined through the online portal (www.kfc.org). KFC prioritizes transparency with clear procedures and no hidden charges. For added peace of mind, the corporation aims to provide in-principle clearance for loan sanction within just 7 days. [8]
Technopark is a technology park in Thiruvananthapuram in the state of Kerala, India. Established on 28 July 1990 by the Government of Kerala, under chief minister E K Nayanar, However, the government was unable to commence building. The next council of ministers, led by Mr. K Karunakaran, took the initiative to begin construction and inaugurated the first building. The largest information technology (IT) park in Asia in terms of area. Technopark is the first greenest IT Park of India.
Oommen Chandy was the 10th chief minister of Kerala, serving from 2004 to 2006 and 2011 to 2016. He served also as the leader of the opposition in the Kerala Legislative Assembly from 2006 to 2011.
The economy of Kerala is the 11th largest in India, with an annual gross state product (GSP) of ₹13.11 lakh crore in 2024–2025. Per-capita GSP of Kerala during the same period is ₹372,783 (US$4,500), the sixth largest in India. In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared to 28% by secondary sector, and 8% by primary sector.
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country.
Kerala State Road Transport Corporation (KSRTC) is a state-owned road transport corporation in the Indian state of Kerala. It is one of the country's oldest state-run public bus transport services. The corporation is divided into three zones, and its headquarters is in the state capital Thiruvananthapuram. Daily scheduled service has increased from 1,500,000 kilometres (930,000 mi) to 1,700,000 kilometres (1,100,000 mi), using 5400 buses on 4500 routes. The corporation transports an average of 3.545 million commuters per day.
HLL Lifecare Limited (HLL) is an Indian healthcare product manufacturing company based in Thiruvananthapuram, Kerala, India. It is a Government of India-owned corporation.
[[CSB]]Bank Limited is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. The bank has a network of over 785 branches and more than 746 ATMs across India.
Perinad is a village in Kollam district in the state of Kerala, India. As of 2001 India census, Perinad had a population of 32,864 with 16,032 males and 16,832 females.
A prevailing trend from the medieval period, most Indians invest more than half of personal savings physical assets such as land, houses, gold, livestock, and other precious metals and ornaments. Since liberalisation in the 1990s, the Government of India has approved significant banking reforms. While some of these relate to nationalised banks, other reforms have opened up the banking and insurance sectors to private and foreign players.
The Vizhinjam International Seaport Thiruvananthapuram(English pronunciation:/vɪzɪnˈdʒamˌɪntərˈnæʃənlˈsiːpɔːtˌtɪrʊvənənˈtɑːpʊrəm/, VIZH-in-jam in-ter-NASH-uh-nuhl SEE-port thir-uh-vuh-nuh-thuh-PUR-uhm) is India's first deep water container transshipment port, located in the capital city Trivandrum, Kerala, the port is designed to be a multi-purpose, all-weather, green port located 15 kilometres (9.3 mi) away from the Thiruvananthapuram International Airport. It is poised to become India's first automated port and holds a unique position as the only Indian port directly adjacent to an international shipping lane. The port's location offers a significant advantage: it lies just 10 nautical miles (19 km) from the heavily trafficked east-west shipping channel connecting Europe, the Persian Gulf, Southeast Asia, and the Far East. The port has a natural depth of 24 meters, which reduces the need for dredging, and possesses the capability to host many of the world's massive cargo ships, including those exceeding 24,000 TEU, such as vessels of the ULCS container ships like the MSC Irina. The cruise berth under construction along the breakwater will be able to handle large cruise ships such as the Icon of the seas. The Seaport's location offers an advantage as it is situated near an international shipping channel, facilitating connections to global trade routes. When fully commissioned, it is expected that the seaport may have the capacity to cater to 50 percent of the container transhipment needs of India that currently take place at Dubai, Colombo and Singapore. The first phase of the project amounts to ₹8,867 crore, and the remaining phases cost ₹20,000 crore making the total cost ₹28,867 crore.
The United Democratic Front government led by Oommen Chandy sworn in on 18 May 2011. Seven of the total 20 members of the Cabinet took office on 18 May and the rest sworn in on 23 May after completing discussion with member parties of the UDF.
The Silver Line is a proposed Higher-speed rail line in India that would connect Thiruvananthapuram, the capital city, and Kasaragod of Kerala state. It will have an operating speed of 200 kilometres per hour (120 mph), Maximum Design Speed: 220 km/h (140 mph), structures designed for 250 km/h (160 mph) allowing trains to cover the 532-kilometre (331 mi) distance in less than four hours, compared to the present 10 to 12 hours it takes to traverse this distance. Thiruvananthapuram, Kollam, Chengannur, Kottayam, Kochi, Thrissur, Tirur, Kozhikode, Kannur and Kasaragod will be the stations in this corridor. The project is temporarily halted by the state government till the Central government approval.
Emerging Kerala is the name given to a biennial investors summit held by the Government of Kerala in Kerala, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy, and opinion makers.
The Housing and Urban Development Corporation Limited, abbreviated as HUDCO, is an Indian public sector undertaking engaged in housing finance and infrastructure project finance. The Govt Grants Navratna Status to PSU on 18-April-2024.
Digital India is a campaign launched by the Government of India to make its services available to citizens electronically via improved online infrastructure and by increasing Internet connectivity. The initiative includes plans to connect rural areas with high-speed internet networks. It consists of three core components: the development of secure and stable digital infrastructure, delivering government services digitally, and universal digital literacy.
Second Pinarayi Vijayan Ministry is the Council of Ministers headed by Pinarayi Vijayan that was formed after winning in the 15th legislative assembly elections by bagging 99 of the 140 seats in the Assembly. The Council assumed office on 20 May 2021. The ministry is having a total of 21 ministers in the Cabinet compared to 20 ministers in the previous government.
Kandathil Mathew Abraham is an Indian bureaucrat and retired IAS officer, who is currently serving as Chief Principal Secretary to the Chief Minister of Kerala. He also serves as the Chief Executive Officer of the Kerala Infrastructure Investment Fund Board (KIIFB) and Executive Vice Chairperson of Kerala Development and Innovation Strategic Council. He retired as the Chief Secretary of Kerala in December 2017. He belongs to the 1982 batch of IAS. He was instrumental in bringing out the Sahara Group Scam when he was a member of the Securities and Exchange Board of India.
Events in the year 2022 in Kerala.
Events in the year 2008 in Kerala.
The Digital Science Park at Thiruvananthapuram, Kerala being constructed will be first digital science park in India. In the 2022−23 state budget, the Government of Kerala announced four science parks with an investment of Rs 1000 crore to utilize the achievements in the field of science and technology. The first park among those is being set up close to the Digital University of Kerala at Technopark Phase IV-Technocity. The foundation stone of the park was laid on 25 April 2023 by Prime Minister Narendra Modi.
{{cite news}}
: |last=
has generic name (help)