Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has reportedly offered a loan of Rs 3,600-crore to four distribution companies of Uttar Pradesh in order to help them lay infrastructure for new connections. The three-year loan, the largest ever to be offered by the state-run financier to distribution companies, will help the state provide new connections to 11.4 lakh households in remote areas.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.