By The Hindu Bureau
The Kerala Financial Corporation (KFC) has declared a dividend of ₹36.01 crore for the State government. The decision has been made at KFC’s 72nd Annual General Meeting of shareholders, which approved a 5% dividend for its shareholders.
The State government holds 99.14% of KFC’s shares, with the remaining owned by the State Bank of India (SBI), Life Insurance Corporation (LIC) and the Small Industries Development Bank of India (SIDBI).
In the financial year ending March 31, 2025, KFC reported a net profit of ₹98.16 crore, a 32.56% increase from the previous year. KFC’s loan portfolio crossed ₹8,000 crore for the first time, reaching ₹8,011.99 crore, while its net worth rose to ₹1,328.83 crore.
During the 2024–25 financial year, KFC sanctioned ₹4,002.57 crore in loans to MSMEs, startups, and other sectors, with total loan disbursements of ₹3,918.40 crore and loan repayments of ₹3,980.76 crore.
Finance Minister K.N. Balagopal said it is heartening to see a public sector financial institution offering loans at interest rates as low as 5% to micro, small, and medium enterprises while progressing steadily. He said that the State government has invested ₹920 crore in KFC, with ₹500 crore contributed during the current government’s tenure.