PERFORMANCE EVOLUTION OF JAMMU AND KASHMIR STATE FINANCIAL CORPORATION

The objective of this study was to assess the performance of JK SFC. The establishment of State financial Corporations was, one of the steps taken, at the official level to promote the growth of small and mediumscale industries. The Jammu and Kashmir State Financial Corporation is a statutory Corporation established under SFCs Act 1951(Central Act 63 of 1951) which is facing heavy losses due to no source of funds and no recovery of loans. In the present study performance of JKSFC was analyzed with different tools like trend analysis and ratio analysis and average growth rate. The results of the study show that performance of JKSFC is declining during the research period due tofacing problems of liquidity & solvency.