Himachal Pradesh Financial Corporation

Industries Eligible for Assistance

In terms of SFCs Act, 1951 industrial concern  are eligible for loan.  Industrial concern means any concern engaged or to be engaged in:

(i)         the manufacture, preservation or processing of goods;
(ii)        mining of development of mines;
(iii)       the hotel industry;
(iv)       the transport of passengers or goods by road or by water or by air or by ropeway or by lift.
(v)        the generation or distribution of electricity or any other form of power;
(vi)       the maintenance, repair, testing or servicing of machinery of any description or vehicles or vessels or motor
           boats or trailers or tractors;
(vii)      assembling, repairing or packing any article with the aid of machinery or power;
(viii)     the setting up or development of an industrial area or industrial estate;
(ix)      fishing or providing shore facilities for fishing or maintenance thereof;
(x)       providing weight bridge facilities;
(xi)      providing engineering, technical, financial, management, marketing or other services or facilities for  industry;
(xii)     providing medical, health or other allied, services;
(xiii)    providing software or hardware services relating to information technology, telecommunications or electronics including
          satellite linkage and audio or visual cable communication;
(xiv)    setting up of development of tourism related facilities including amusement parks, convention centres, restaurants, travel and
          transport (including those at airports), tourist service agencies and guidance and conselling services to the tourists;
(xv)     construction;
(xvi)    development, maintenance and construction of roads;
(xvii)   providing commercial complex  facilities and community centres including conference halls;
(xviii)  floriculture;
(xix)   tissue culture, fish culture, poultry farming, breeding and hatcheries;
(xx)    service industry, such as altering, ornamenting, polishing, finishing, oiling, washing, cleaning or otherwise treating or
          adapting any article or substance with a view to its use, sale, transport, delivery or disposal;
(xxi)    research and development of any concept, technology, design, process of product whether in relation to any of the matters
          aforesaid, including any activities approved by the Small Industries Development Bank or
(xxii)   such other activity as may be approved by Small Industries. Development Bank.  
             Industrial concerns whose constitution is proprietary, partnership, Hindu undivided family, private or public limited company,
          Registered Co-operative Societies or a Corporation established by law or under any other law, are eligible for financial
          assistance from the Corporation.

The loans to be advanced are to be utilized primarily for acquiring fixed assets such as land, building, plant & machinery.