PERFORMANCE EVALUATION OF SELECT PUBLIC SECTOR UNDERTAKING IN ASSAM WITH SPECIAL REFERENCE TO AIDC AND AFC

The State Level Public Sector Enterprises (SLPEs) plays an integral role in the industrial development and economic growth of a state. The two state level public enterprises of Assam i.e. Assam Industrial Development Corporation (AIDC) and Assam Financial Corporation (AFC) are set up by the state government to meet the credit needs of the small, medium and large scale industries for the industrial development of the state. These two corporations have already engaged in this field since their inception but Assam is still considered as industrially backward state of the country. Therefore, the researcher has decided to analyse and evaluate the performances of both these two enterprises through this research paper. This research paper is based on the performance of the last 5 years made by both AIDC and AFC from 2008-2009 to 2012-2013. Information is collected through secondary data and they have been analyzed and judged by using trend analysis and financial ratios. The findings reveal that the financial performance is declining from last 5 years due to heavy losses, poor solvency and liquidity status.