GUWAHATI, April 21 - The Assam Financial Corporation (AFC) observed its 63rd foundation day on its head office premises located at Vittiya Bhawan, Paltanbazar, here recently, a delayed press release stated.
The programme started with lighting of the lamp, followed by oath taking by the employees. The vision of the AFC is to contribute to and accelerate the socio-economic development of the region by acting as a vibrant and dependable financial institution, promoting entrepreneurship and growth of the MSME and development sector. The AFC has a commendable history in performing industrial financing in Assam since its formation in 1954. The AFC has the glory of impressive financial performance since its inception.
Operating at the grass-roots level, the AFC is playing a significant role for the economic and industrial development of the State by encouraging first generation entrepreneurs, upgrading backward regions, shouldering high-risk debts and creating huge employment opportunities for local unemployed youths.
The AFC is at present implementing various schemes of assistance like general term loan scheme, working capital term loan scheme, working capital revolving fund loan scheme, scheme for medical professionals, equipment finance scheme, transport loan scheme, Axom Fund Scheme, Kanaklata Micro Finance Scheme, etc., for the socio-economic development of the State.
The programme was followed by an interaction session and discussion on the business strategies of the Corporation. At the end, Dr Anwaruddin Choudhury, Managing Director of the Corporation, thanked all the employees of the Corporation for their dedicated service and requested all to be the driving force for the continuous success and growth of the Corporation, the release added.