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Karnataka State Financial Corporation is a State level Financial Institution established by the State Government in the year 1959 under the State Financial Corporations’ Act 1951. Prior to 1973 Karnataka State Financial Corporation was known as Mysore State Financial Corporation. Karnataka State Financial Corporation cater to long term and short term financial needs of  micro, small and medium scale enterprises  for setting up of new micro, small and medium scale enterprises in the State of Karnataka  and also for expansion, modernization and diversification of existing micro, small and medium scale enterprises. The organization is playing an important role in balancing regional development in industrial sector, women empowerment, first generation entrepreneurs and socially backward sections.


Karnataka State Financial Corporation  began by sanctioning Rs.28 lakhs to 11 projects in the year 1959 during its first year of operation.Karnataka State Financial Corporation has assisted more than 1,75,833 units till March 2023  with cumulative sanctions of over Rs.19,680.73 crore out of which more than 90%   is towards SSIs indicating the major role in industrial development of the state. Since inception, the Corporation has sanctioned  Rs.2762.72 crore to 22362 units belonging  to SC/ST Entrepreneurs,  48,595.86 crores to 31,448 units promoted by  Women Entrepreneurs and as many as 41,265  entrepreneurs belonging to backward classes and minority communities have also been extended financial assistance of Rs.1,906.55 crore.


Under  Interest Subvention Scheme of Government Of Karnataka,an interest subsidy of Rs.1,048.48 crores to 1,357 units for  Women Entrepreneurs ,  Rs.2,228.84 crores to 3,724 units to SC/ST Entrepreneurs is sanctioned and also Interest Subvention Scheme for Micro and  Small Enterprises  the Corporation has sanctioned Rs.1,362.18 crore to 1199 units.

Karnataka State Financial Corporation has also extended financial assistance to global giants like INFOSYS,BIOCON, MTR Foods, BPL India Limited, Sansera Engineering, Reva Electric Cars, 24/, Ace Designers Ltd, Narayana Nethralaya, Jungle Lodges and Resorts - Kabini  and many others during their early stages and helped them to setup the industry.


The Corporation is acting as a catalyst for Industrial Development in the State of Karnataka.


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