Since its establishment in 1968,
Agricultural Finance Corporation Limited (AFC) has grown
into one of the largest Agricultural Consultancy Organisations in
India, and from 1978, it has extended its consultancy operations
internationally.
As a consortium of Commercial Banks, AFC's
prime objective has been to help banks participate increasingly
in the financing of agriculture and rural development in the
country. Promoted by the Indian Banks' Association with an
authorised capital of Rs 1000 million and subscribed and paid up
capital of Rs 100 million, AFC's membership consists of
thirty five commercial banks, sixteen nationalised banks and
seven foreign banks.
The Board of Directors of AFC
include Chairmen and Managing Directors of major public and
private sector banks, Chairman of National Bank for Agriculture
and Rural Development (NABARD), nominees of the Government of
India from the Ministry of Agriculture, Finance and the Planning
Commission, Experts in Agriculture, Rural Development and other
related areas and a whole-time Managing Director. One among the
experts is currently the elected Chairman of the Board.
To ensure high standards in Agricultural
Consultancy Services, AFC deploys professional expertise
of high calibre qualified to offer the best in Agricultural
Consultancy, when called upon to identify, formulate and/ or
appraise development projects, conduct survey and take up
research studies.
As a result, AFC's activities are
finely tuned for present and future needs of agriculture and
rural development in India and abroad.
Registered Office : Dhanraj Mahal, Chhatrapati Shivaji Maharaj Marg, MUMBAI - 400 001.
AFC Document generated by K
S Balaji (SRO) on May 23, 1999