Gujarat State Financial Corporation

The main activity of the corporation was to sanction/disburse loans and advances to small and medium industrial units in Gujarat under various schemes.

In 2001, the corporation discontinued its main activity, viz., lending and advancing, and since then has been concentrating only on recovery and on its allied functions. The corporation discharges its functions/duties through a board of directors which consists of a chairman, a managing director, nominees of the state government and nominees of SIDBI. ^[1]