Bihar State Financial Corporation was established in the year 1954 under the SFC’s Act 1951. It is a State Level Development Financial Institution. The main object is to provide financial assistance to Small and Medium Scale Industrial units.

NATURE AND PURPOSE OF ASSISTANCE :

The Corporation provides assistance in the following form:

• By providing loans or advance to industrial concerns;
• By subscribing to the debentures of the industrial concerns repayable within a period not exceeding 20 years;
• By guaranteeing loans raised by industrial concerns, repayable within a period not exceeding 10 years and floated in the public market;