The Assam Financial Corporation (AFC) shares the pride of being a premier Financial Institution (FI) dedicated to the cause of Industrial Development in the North-East India. Having established in early 1954 (vide Notification No.FTC/55/51/988 dated 19th April, 1954 of Government of Assam) in pursuance to the provisions under a Central Act i.e. the State Financial Corporations Act 1951 (SFCs Act), the AFC was the second SFC in the country and first joint SFC covering under its operational jurisdiction the States of Assam, Meghalaya, Manipur & Tripura.