Gujarat State Financial Corporation (GSFC) is a pioneer term lending development financial institution in the State of Gujarat. It is created under the State Financial Corporation Act, 1951 passed by Parliament. GSFC’s mandate is to provide finance to small and medium scale enterprises. Formed in 1960, GSFC has sanctioned loans and advances of over ₹ 4400 crores; out of which, it has disbursed over ₹ 3,300 crores to ₹ 47,000 units in the state. This has created almost 6,83,000 jobs in Gujarat. The Corporation has played a stellar role in creating new and first time entrepreneurs, has provided much needed finance to small and medium sale enterprises and has played a significant role in the industrial development and economic growth of Gujarat.