Himachal Pradesh Financial Corporation (HPFC) was established under the Financial Corporations Act 1951 with the basic objective of promoting and developing small and medium enterprises in the State with a special focus on spreading industrial culture in the rural semi-urban and backward of Himachal Pradesh. The Corporation is owned by the State Government jointly with SIDBI and is functioning under the administrative control of the State Government. The Managing Director of HPFC are appointed by the State Government and Chairman by the SIDBI. The Board of Directors is highly professional and consists of senior IAS officers of the State Government representative from SIDBI Banks Life Insurance Corporation and indivisual shareholders.
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