PROFILE

The orissa State Financial Corporation is the primary state financing institution incorporated in the year 1956 under the Financial Corporation Act 1951. The assets like land, building, plant and machinery, equipment and margin money for working capital for setting up of industries. The Corporation also provides working capital assistance under single window scheme. Priority is given to small and tiny sector industrial units in backward areas.

OSFC is fully computerized. The Head Office and the Branch Offices are interconnected. In this way timely and adequate credit and follow up of accounts is ensured. OSFC conducts joint review meetings with the banks and District Industries Centre (DIc) for timely and adequate flow of working capital credit to the industry. Follow-up the assisted projects, both at the implementation and after start of commercial production level are under taken by the Loan Administration cell (LAC) OF OSFC. LACs look after the implementation of the projects having a term loan component of Rs. 30.00 Lakh after the implementation of the projects having a term loan component of Rs. 30.00 Lakh and above. The branch offices look after the cases below Rs. 30.00 Lakh and above. The branch offices look after the cases below Rs. 30.00 Lakh apart from conducting follow-up inspections of the commissioned projects irrespective of the loans involved.

FOLLOW-UP

Follow-up assisted project, both at the stage of implementation and after start of commercial production, is an area on which the corporation has decided to streamline its functions. To start with, a Loan Administration Cell has been created at the Head Office to look after the implementation of the project having a term loan component of Rs. 30.00 lakh and above. The branch offices have been advised to look after the cases bellow rs. 30.00 lakh apart from conducting follow-up inspections of the Commissioned Projects irrespective of the loans involved. The system will be improved further after examining the recommendations of the CRISIL and establishing a proper MIS system in the regard.

THE MANAGEMENT

Board of Directors (as on 01.08.2000) 

Name STD Code
Telephone Numbers
    Office  Residence
Ms. Meena Gupta I.A.S 
Chairperson, 
Principal Secretary to Government, 
Industry Department		 0674 404010 
401650		 530152
Shri P. Gupta ,I.A.S 
Managing Director, IPICOL		 0674 543679 535813
Shri S. Rastogi, IAS 
Director of Industries, Orissa		 0671 301892 307210
Shri Sidhartha Pradhan 
Special Secretary to Govt. , 
Public Enterprises Department		 0674 400303 450454
Shri S. Sahoo 
General Manager, 
Industrial Development Bank of India 
Bhubaneswar.		 0674 504953 563000
Shri P. P. Ramakrishnan 
General Manager, 
Small Industrial Development Bank of India 
Bhubaneswar.		 0674 410156 
405278		 414181
Shri R. C. Das. 
General Manager, 
Rural Planning & Credit Deptt. 
Reserve Bank of India 
Bhubaneswar.		 0674 405857 553038
Shri J Panda, 
President, The Berhampur Co. operative Bank Ltd. 
Berhampur		 0680 202916 208090 
208000
Shri B. Badajena, 
Director, 
The Orissa State Co-operative Bank Ltd. 
Bhubaneswar.		 0674   592057 
590380
Shri P. K. Swain 
Public Shareholders representative 		 0671 - 643048
Shri S. N. Tripathi, I.A.S, 
Managing Director 
Orissa state Financial Corporation		 0671 643659 
643623		 (0674) 403502 
415671

MEMBERS OF THE EXECUTIVE COMMITTEE AS ON 1.8.2000

Shri S. N. Tripathy, IAS
Chairman

Shri P. Gupta, IAS

Shri S. Rastogi, IAS

Shri. P.P. Ramakrishnan

Shri. R. C. Das