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Haryana Financial Corporation

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Coordinates: 30°44′23″N 76°46′58″E / 30.7398339°N 76.782702°E / 30.7398339; 76.782702
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Haryana Financial Corporation (HFC)

Haryana's Industrial park near IGI Airport
State agency overview
Formed1 April 1967 (1967-04-01)
JurisdictionGovernment of Haryana
Headquarters30 Bays Building, Ground Floor, Sector 17-C, Chandigarh, Haryana, India
30°44′23″N 76°46′58″E / 30.7398339°N 76.782702°E / 30.7398339; 76.782702
Minister responsible
Parent departmentDepartment of Industries & Commerce, Haryana
Websitewww.hfcindia.org

Haryana Financial Corporation (HFC) (est. 1 April 1967), is a state-owned agency of the government of Haryana in the Indian state of Haryana, which was founded to provide the integrated finances to small and medium-sized enterprises to boost economic growth.[1] It offers several fund and non-fund based financial services on real fast track basis for ensuring high growth in a short period for setting up new industrial units and for the expansion and diversification of the existing industries.[2][3][4][5]

Related government owned agency, HSIIDC,[6][7][8][9] was formed to develop integrated industrial, commercial, special economic zones (SEZ)s,[7] technology parks, [10][11] Integrated Multimodal Logistics Hubs,[12] road, rail, sports and public infrastructure in the state of Haryana in joint venture or public–private partnership.[13] Various universities, educational and training institutes, including the nation's first skills university Haryana Vishwakarma Skill University, provide the human resources to capitalise on the finances offered by the HFC and the infrastructure created by the HSIIDC. Among the related initiatives to boost growth, Haryana was the first state to introduce Labour Policy in 2005,[7][14] and Land Pooling Policy in 2017.[15]

HSVP is another related government owned agency responsible for the urban development.[16]

History

HFC was formed on 1 April 1967 by the Department of Industries & Commerce, Haryana to promote Small and medium-sized enterprises for rapid industrialisation.[2]

HSIIDC organisation

See also: Economy of Haryana, Economy of India, NCR region, and Railway development in Haryana

It has branches at various district headquarters of the state.[17]

See also

References

  1. ^ L. C. Gupta, M. C. Gupta. 2000, Haryana on Road to Modernisation, Page 104.
  2. ^ a b Som Nath Sharma, 1992, Socio-economic Study of Agro Industries: Effects of Infrastructural, page 125.
  3. ^ S. C. Bhatt, Gopal K. Bhargava, 2006, Land and People of Indian States and Union Territories: In 36 Volumes, Vol 9, page 179.
  4. ^ Ajmer Singh Malik, 1995, Concept and Strategy of Rural Industrial Development, Page 75.
  5. ^ 1987, DHP Regional Board Directory of Members & Affiliated Associations, All-India Manufacturers' Organization. page 2-37.
  6. ^ B. S. Bhatia, G. S. Batra, 1996, Accountability of public enterprises, Page 55.
  7. ^ a b c Hooda unveils Haryana's Industrial Policy , The Hindu, 7 June 2005.
  8. ^ 2000, National Capital Region Directory, Page 472.
  9. ^ 1981, P.U. Management Review, Volume 4, Page 56.
  10. ^ B. S. Bhatia, G. S. Batra, 1996, Accountability of public enterprises, Page 75.
  11. ^ 2006, India Today International, Volume 5, Issues 1–12, Page 78.
  12. ^ 2010, Lok Sabha Debates, Lok Sabha, Page 59.
  13. ^ Suneel Sehgal, 2000, Incentives for industrial development by central & state governments, Punjab, Haryana & Delhi Chamber of Commerce and Industry.
  14. ^ 2009, India Today, Volume 34, Issues 27–35, Page 126.
  15. ^ Now on, HUDA to go in for land-pooling, The Tribune (India), 4 January 2018.
  16. ^ HUDA renamed as Haryana Shehri Vikas Pradhikaran, Housing.com, 5 June 2017.
  17. ^ HFC branches.
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