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.

It has operated  a number of financial assistance schemes for the benefit of the entrepreneurs such as scheme for marketing activities, equipment finance scheme, special schemes for assistance to ex-servicemen and, single window scheme, etc. The Corporation has sanctioned loan amount of Rs. 727 crores during 44 years of operation up to 31st March 2011 out of which loans of Rs. 529 crores have been released to 4521 borrowers.

Board of Directors

Smt. Rajwant Sandhu, IAS
Chief Secretary
 

Chairperson 
Nominated by the  SIDBI in consultation with the Government of Himachal Pradesh

Sh. Ajay Tyagi, IAS
Principal Secretary (Industries)

Nominated by the Government of Himachal Pradesh

Mrs. Paramjot Kaur, 
GM SIDBI

Nominated by the Small  Industries Development Bank of India

Shri Satya Pal, 
AGM SIDBI

Nominated by the Small Industries Development Bank of India

Shri Sat Pal,
Senior Divisional Manager LIC

Nominated by the Life Insurance Corporation of India

Shri S.D. Sharma,
Deputy General Manager, PNB

Nominated by the Punjab National Bank

Shri D K Mittal

Elected amongst private shareholders

Shri Ashok Raja

Elected amongst private shareholders

Shri Bharat Khera,  IAS

Managing Director
Appointed by the Government of Himachal Pradesh