The U.P. Financial Corporation was set up in 1954 as instrument of state in pursuance of the State Financial Corporation Act, 1951.

About the UPFC

It was established to provide medium and long term financial assistance to the private corporate sector for new projects, as well as the expansion and modernization of on-going operations.

Financial Accommodation:

The maximum extent of limit to sanction the loan is upto Rs. 2.40 crores by UPFC.

UPFC provides assistance to Industrial and Service concerns for new projects, as well as for their expansion, diversification and modernization.

UPFC offers a range of schemes to small and medium scale units whose paid-up capital and free reserves are upto Rs.10 crores and project outlay is upto Rs.5 crores.

It undertakes joint financing with PICUP/Scheduled Banks also. UPFC provides terms loans for fixed assets.

1. For New Units:

The Corporation provides monetary assistance for the purpose of acquisition of fixed assets such as Loan, Building, Plant and Machinery for new units.

2. For Existing Units:

Provides easy assistance for upgrading and improving production capacity, reducing cost of production and modernizing the existing units to increase efficiency

Current Rate of Interest:

SSI : 15.5% - 16.5%

NON SSI : 16.5% - 17.5%

Contact details

Uttar Pradesh Financial Corporation  
Shop No. G-23, Improved Trust Building, 1st Floor, Naya Ganj, Ghaziabad, Uttar Pradesh 201001
Phone:0120 278 0890