Kerala Financial Corporation is incorporated under the State Financial Corporations Act of 1951. It plays a vital role in the development of our state. It was established in 1953, initially as the Travancore Cochin Financial Corporation. Later when the state of Kerala was formed this was renamed as Kerala Financial Corporation. At present, KFC has 16 Branch Offices with its Head Quarters at Thiruvananthapuram. The three zonal Offices are at Kozhikode, Ernakulam and Thiruvananthapuram.
The functions of this corporation are controlled and guided by the provisions of SFCs Act 1951. The main aim of KFC is the industrialization of the state by providing financial help to Micro, Small and Medium enterprises both in the manufacturing and the service sector. They can achieve this goal by formulating loan schemes. Corporation can also provide financial assistance for setting new units or for the expansion of existing units. So far KFC has been paid over Rs. 3000 Crores to more than 40,000 projects in the state. KFC have initiated Corporate Social Responsibility activity in which they has set up KFC-CARE (Centre for Assistance and Rehabilitation) to rehabilitate and serve the lower sections of the society.>
The Corporation has now become a financial supermarket which provides a wide variety of products and services to its customers. This Corporation is proud to be one of the best State Financial Corporations in India having a competent team of professional willing to provide any service. All their efforts have been to understand the requirements of the customers properly and to provide high quality service to them.Besides the schemes for weaker sections, there are other schemes such as the Working Capital finance and Short Term Finance. Some of the new schemes include schemes for SSIs, Resorts, Hospitals, TV Serial Production etc. There is a KFC Consultancy Division that has been set up to provide excellent Consultancy Services to the Clients.