Bihar State Financial Corporation (BSFC)
BSFC is a state-level development financial institution established in 1954 under the State Financial Corporations Act, 1951 to finance small and medium industrial units. The Bihar government holds 51.32% and SIDBI 48.43% of its Rs 77.84 crore paid-up capital. It has done no fresh lending since 1990-91 and survives on recovery, rentals and deposits, with its Bihar-Jharkhand bifurcation still pending.
This page is a factual profile built from official sources: enterprise filings, the DPE Public Enterprises Survey, PIB releases, government orders and CAG reports. Figures carry their year; where no official figure was found, the field is left out rather than estimated.
How we verify →BSFC is a state-level development financial institution established in 1954 under the State Financial Corporations Act, 1951 to finance small and medium industrial units. The Bihar government holds 51.32% and SIDBI 48.43% of its Rs 77.84 crore paid-up capital. It has done no fresh lending since 1990-91 and survives on recovery, rentals and deposits, with its Bihar-Jharkhand bifurcation still pending.
What happened
BSFC's official about page states it was established in 1954 under the SFCs Act, 1951 as a state-level development financial institution to provide medium and long term credit to small and medium industrial units, headquartered at Vittya Nigam Bhawan, Frazer Road, Patna (source: bsfc.co.in/about).
Its official financial page gives authorised capital Rs 100 crore and paid-up capital Rs 77.84 crore with State Govt 51.32% and SIDBI 48.43%; it states IDBI/SIDBI dues are fully settled with nil outstanding, a State Govt loan of Rs 228.47 crore, cumulative disbursement of Rs 438.49 crore to 7,223 units, recovery of Rs 870 crore as on 01.06.2021, and 2,267 units in the loan portfolio as on 01.04.2024 (source: bsfc.co.in/financial).
The same official page states fresh financing stopped in 1990-91 after SIDBI stopped refinance, recovery is via sale of mortgaged assets under Section 29 of the SFCs Act, OTS-2018 realised Rs 41 crore, and the audited 31.03.2018 balance sheet showed liabilities Rs 595.63 crore against assets Rs 208.72 crore; bifurcation between Bihar and Jharkhand (65.03:34.97) is pending after an inconclusive secretary-level meeting on 14.12.2018 (source: bsfc.co.in/financial).
What we could not confirm
No 2025 or 2026 official development (results, CAG finding, revival order) could be confirmed from opened pages; the most recent official data point is the 01.04.2024 loan-portfolio figure. Latest revenue/profit and employee figures are not published on the pages opened, so financials and employees are null. Administrative department not stated on opened pages.