KFC was established by the GoK as per the State Financial Corporations Act of 1951, passed by the Parliament , to accelerate the industrial growth of Kerala. The Kerala Financial Corporation (KFC), a Public Sector Undertaking, is a State-owned Financial Corporation established by the Kerala Legislative Assembly under the State Financial Corporations Act of 1951. The corporation was formally founded later, in 1953, as the Travancore Cochin Financial Corporation. Following the state's reorganization in 1956, it was renamed the Kerala Financial Corporation. Now, KFC has 16 Branch Offices with its Headquarters at Thiruvananthapuram and Zonal Offices at Kozhikode, Ernakulam, and Thiruvananthapuram. The provisions of the SFCs Act 1951, as amended in 2000, control and guide the Corporation's functions. The main objective of KFC is to rapidly industrialize the state by extending financial assistance to Micro, Small, and Medium Enterprises in the manufacturing and service sectors. The SFCs Act empowers KFC to formulate suitable loan schemes to achieve these objectives. Since its inception, KFC has disbursed over Rs. 3000 Crores to more than 40,000 projects across the state. The Corporation is the first Public Sector Undertaking in Kerala and the first SFC in India to initiate Corporate Social Responsibility activity. As part of its Corporate Social Responsibility, KFC has set up KFC-CARE (Centre for Assistance and Rehabilitation) to rehabilitate and serve the marginalized sections of the community.
