The State Government is in the process of establishing a Non-Banking Financial Company (NBFC) to manage the surplus funds of various State Government entities. The main objectives of the company are as follows:-
a) To advance, deposit, lend money or provide financial assistance with or without security to the State Government, a body corporate, Government company, State or municipal body, local body wholly owned or semi owned by the Government.
b) To carry on the business of a finance company and to provide short/long term loans to State Govt. entities.
c) To receive grants, loans, advances or other moneys or deposits or otherwise, from State or Central Government, Banks, Financial Institutions, Companies, Trusts, Co-operative Societies, other Financing Agencies or individuals with or without interest thereon.
The Company viz. Haryana State Financial Services Ltd. has been incorporated under the Companies Act, 2013 on 4.7.2018. The paid up capital of the company is Rs. 2 crore. The company is being registered with the RBI to enable it to function as NBFC.
2. Board of Directors
1. Shri Vijai Vardhan, IAS Chairman
Chief Secretary, Haryana.
2. Shri T.V.S.N Prasad, IAS Director
Additional Chief Secretary, Finance Department
3. Shri Sunil Saran, IES Managing Director
Secretary Finance cum Advisor
4. Shri Kulwant Khullar, Director
Administrative Officer, HSFSL
5. Smt. Geera Garg, Director
Senior Accounts Officer, HSFSL