Gujarat State Financial Corp

Gujarat State Financial Corporation is a statutory government institution created to act as a key financial development body at the state level. The organization was founded to promote balanced regional growth and generate employment by supporting first-time entrepreneurs in starting their own businesses. It focused on providing medium and long-term loans to micro and small-scale industries in Gujarat and the Union Territories of Dadra and Nagar Haveli. However, due to increased competition, it stopped providing new loans from FY 2001-02 and began focusing only on recovering past dues. For over two decades, the company's primary business has been the recovery of outstanding loans and handling related financial matters. During its active years, the company was instrumental in the industrial growth of Gujarat by financing numerous small and medium businesses.;