Kerala Financial Corporation (KFC) is a government owned

non-banking financial company A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate ba ...

in the state of

Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...

, India. The company was formulated by the ''State Financial Corporations Act'' of 1951 passed by the

Kerala Legislative Assembly The Kerala Legislative Assembly, popularly known as the Kerala Niyamasabha, is the State Assembly of Kerala, one of the 28 states in India. The Assembly is formed by 140 elected representatives. Each elected member represents one of the 140 c ...

to accelerate the industrial growth of the state of

.
/ref> The corporation was formally founded later, in 1953, as the ''Travancore Cochin Financial Corporation'' which was later, in 1956, renamed to ''Kerala Financial Corporation'', following the state's reorganisation. As an attempt to boost

entrepreneurship Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

in the state, It has offered loans to various

SMEs Superconducting magnetic energy storage (SMES) systems store energy in the magnetic field created by the flow of direct current in a Superconductivity, superconducting coil which has been Cryogenics, cryogenically cooled to a temperature below ...

like iTraveller and Veekesy Polymers Pvt Ltd.

References

{{authority control Companies based in Thiruvananthapuram State agencies of Kerala State financial corporations of India Government finances in Kerala Indian companies established in 1953 Government agencies established in 1953 Financial services companies established in 1953