Nitish Kumar
Hon'ble Chief Minister
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 Key Contacts
Ravindra Prasad, ITS, Managing Director, BSFC - Tel: (0612)-2332210. E-Mail: bsfcpatna@gmail.com
S. S. Sharraf, Consultant. Tel: (0612)-2332236. Ext: 217.
Satish Shrivastava, Dy. Manager (Legal). Tel: (0612)-2332236. Ext: 317.
Nirad Prakash, Consultant (P&A, Finance). Tel: (0612)-2332236. Ext: 223.

 

 Overview
Bihar State Financial Corporation was established in the year 1954 under SFC's Act, 1951 to promote Small and Medium Scale Industries by way of providing financial assistance. Since then it is playing major role in growth of tiny, small and medium industries in the erstwhile State of Bihar (Presently Bihar and Jharkhand ).

 

It has contributed significantly to the growth of various Sectors defined as Industrial concern under SFC's Act, 1951 (as amended from time to time). From early 70's it has also provided liberal financial assistance under special schemes like educated unemployed, composite loans to small artisans, Mahila Udyog Nidhi,Semfex etc. for creating self-employment opportunities to artisans, educated unemployed, women entrepreneurs and ex-service men. It has also provided financial assistance for setting up Hotels/Motels including Marketing Complex, Nursing Homes and also for Electro Diagnostic Equipments etc.

 

Many of the Industrial concern set up with financial assistance from BSFC have gone for expansion, established themselves prominently and are contributing to the exchequer of the State Government. Majority of the successful industrial units in Bihar and Jharkhand were earlier assisted by BSFC, which later on have expanded their activities with the support of Banks and other Financial Institutions, as their further requirement of fund exceeded the limit of financial assistance which BSFC could provide as per provision of SFC's Act. BSFC definitely has played a pivotal role in development of industries in the State.