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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 Corporationâ€™s Act 1951 and its working is also governed by this act.
HFC meets the credit needs of small or medium scale industrial units by advancing term loans. The loans are advanced
HFC meets the credit needs of small or medium scale industrial units by advancing term loans. The loans are advanced primarily for acquiring fixed assets such as land, building, plant and machinery etc. Its head office is at Chandigarh and branch offices at various districts headquarter of the state. Its activities include merchant banking, investment banking, trade finance, lease finance and term lending.
The company has been approved by the Security Exchange Board of India (SEBI) as a category-I merchant banker. It is also ranked as category-A state-level financial institution by Industrial Development Bank of India (IDBI).
Besides, it is the first state financial corporation holding OTCEI membership. The corporation was the first state-level financial institution to go public in 1995.
The corporation offers various schemes under its business. They are: