Gujarat State Financial Corporation (GSFC) is a pioneer term lending development
financial institution in the State of Gujarat. It is created under the State Financial
Corporation Act, 1951 passed by Parliament. GSFC’s mandate is to provide finance
to small and medium scale enterprises. Formed in 1960, GSFC has sanctioned loans
and advances of over Rs.4400 crores; out of which, it has disbursed over Rs.3,300
crores to 47,000 units in the state. This has created almost 6,83,000 jobs in Gujarat.
The Corporation has played a stellar role in creating new and first time entrepreneurs,
has provided much needed finance to small and medium sale enterprises and has played
a significant role in the industrial development and economic growth of Gujarat.