What does OSFC mean in COMPANIES & FIRMS

What it Does?

OSFC plays a vital role in fostering entrepreneurship and promoting industrial growth in the state. It works as a catalyst for economic development by providing direct finance as well as indirect finance to small and medium enterprises that are unable to access funds from regular commercial banks due to their lack of collaterals or creditworthiness. In addition, OSFC also offers technical guidance and advice on matters related to the setting up and running of businesses. It also extends support for diversification and modernization projects through consultations with experts from various fields. This lends strength to the business operation's capacity building initiatives, thus helping them compete more effectively in global markets.

Advantages

The OSFC helps enable entrepreneurs to access working capital at preferential terms thereby allowing them access to easier means of financing their business operations while enabling them to generate returns which they can use towards growing their businesses further. Additionally, these companies are able to avail themselves of financial counseling services from the corporation which help them assess risks associated with their businesses while taking into consideration industry trends when deciding how best to invest limited resources available with them into expanding their businesses efficiently and sustainably over time. Furthermore, OSFC also facilitates venture investments for high impact startup enterprises by giving them easy access to funding so that they can focus on scaling up their operations rapidly without worrying about limited capital resources available at hand.