Karnataka State Financial Corporation (KSFC) Recruitment 2023 - Sarkari Naukri

Karnataka State Financial Corporation (KSFC) is a State level Financial Institution established by the State Government in the year 1959 under the State Financial Corporations Act 1951 to cater to the long-term and short-term financial needs of small and medium enterprises (SMEs) in the State of Karnataka.

KSFC began by sanctioning Rs.28 lakhs to 11 projects in the year 1959, its first year of operation. In the last 61 years of existence, KSFC has contributed most significantly to the growth of SSIs, the development of backward areas, and the promotion of first-generation entrepreneurs. KSFC has assisted more than 1,74,000 units with cumulative sanctions of over Rs.17,880 crore out of which more than 50% is towards SSIs indicating the major role in the industrial development of the state. Global giants like INFOSYS, BIOCON, MTR Foods, BPL India Limited, Sansera Engineering, Reva Electric Cars, 24/7Customers.com, Ace Designers Ltd, and many others started their ventures with the assistance of KSFC when they were start-ups.