Madhya Pradesh Financial Corporation (MPFC)
Madhya Pradesh Financial Corporation is the state financial corporation for Madhya Pradesh, incorporated under the State Financial Corporations Act, 1951. It is controlled by a Board with State Government, SIDBI, RBI and bank representatives and provides term loans and support services to SMEs. Its most recent official development is the New One Time Settlement Scheme-2025 published on its official site.
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 →Madhya Pradesh Financial Corporation is the state financial corporation for Madhya Pradesh, incorporated under the State Financial Corporations Act, 1951. It is controlled by a Board with State Government, SIDBI, RBI and bank representatives and provides term loans and support services to SMEs. Its most recent official development is the New One Time Settlement Scheme-2025 published on its official site.
What happened
MPFC describes itself as incorporated in 1955 under the State Financial Corporations Act, 1951 (No. LXIII of 1951), working under a Board of Directors with representatives of State Government, SIDBI, RBI, scheduled banks, insurance companies and co-operative banks, per mpfc.org.
The corporation states its head office is at Indore, the industrial hub of Madhya Pradesh, with 20 offices at different places, and lists term loan, equipment finance, working capital and other fund and non-fund based services, per mpfc.org.
The site advertises the New One Time Settlement Scheme-2025 (upload/nots-2025.pdf) alongside a New Restructuring Scheme, with application through branch offices; the site footer states last modified/reviewed Feb 14, 2025, per mpfc.org.
What we could not confirm
Annual Report 2024-2025 PDF could not be parsed (response too large); financial figures and employee count therefore left null. Exact launch day of OTS-2025 not confirmed beyond 2025 labelling and 2025-02-14 site review date.