About State Financial Corporation

In this world of cut throat competition, techno/economic constraints, market problems and financial uncertainties, it has become quite imperative to look for innovative ways of conceiving appropriate solutions in order to achieve monetary security and success in ventures. We at JKSFC, believe that for boosting economic development and providing financial independence, it is necessary to help create opportunity areas for ventures in industrial, transport and service sectors of the state economy and then actively assist in their promotion. Our efforts are result oriented and are directed towards maximizing client satisfaction with optimal results transforming the State into an organized economy. The SFC Act came into force on November’ 7, 1959 in J&K and J&K SFC came into being on 23rd December’ 1959 with the authorized capital of Rs.0.50 crore which stands raised to Rs.100.00 crore as on date. The Corporation as on date has paid up capital of Rs.98.19 crore which is subscribed as under:-

(Rs.in Crore)

    • State Government 69.47
    • SIDBI 28.13
    • Financial institutions 0.12
    • Private 0.47