Haryana Financial Corporation has stopped fresh sanction/operations of loans due to stiff competition from the banks/other financial institutions and due to other reasons in this regard. The emphasis is on recovery and recovery from bad debts by introducing settlement schemes etc.
Haryana Financial Corporation incorporated in 1967 is promoted jointly by the Government of Haryana and the Industrial Development Bank of India. It has been set up under an Act of Parliament known as State Financial Corporation’s Act 1951 and its working is also governed by this act.
