Page 122 - economic review

Industry and Labour94

wise turnover and profit/loss during 2013-14 are shown in Appendix 3.6. The number of loss making
PSU’s have increased from 22 in 2012-13 to 29 in 2013-14. But the net profit has reduced from
` 75.25 crore in 2012-13 to a net loss of ` 38.81 crore during 2013-14, indicating higher cost of
inputs.

Central Sector Investment

3.16 During 2012-13, the Central Sector Investment in Kerala is ` 31460.19 crore (2.06%)
against the All India figure of ` 1530744.97 crore (Public Enterprises Survey2012-13). State wise
analysis shows that Maharashtra ranked first with the highest investment of ` 280948.44 crore
(18.35%) followed by Andhra Pradesh ` 112825.61 crore (7.37.%) and Tamilnadu ` 109738.08
crore (7.17%). As for Kerala it ranked 17th. Though the Central Sector Investment to Kerala has
been increasing in absolute terms, the percentage share has decreased from 2.1% in 2011-12 to
2.06% in 2012-13. Details of Central Sector Investment in Kerala for 2008 to 2013 are given in
Appendix 3.7 and Central Sector Investment in selected states as on 31/03/2013 are given in
Appendix 3.8

Joint Stock Companies

3.17 There are 24580 joint stock companies in Kerala as on March 2014, of which 94% are private
limited and 6% public limited. Also 781 companies are newly registered from April to September
2014. During 2013-14, 2920 companies were newly registered (2865 private and 55 public) and no
companies were wound up during this period in the place of 262 companies in the year 2012-13.
Nine public companies were converted to private companies and 9 companies were converted from
private to public. Total number of government companies as on March 2014 is 137. Details of joint
stock companies working in Kerala are given in Appendix 3.9.

Industrial Financing

A) Kerala Financial Corporation

3.18 The main objective of Kerala Financial Corporation (KFC) is to promote rapid industrialisation
of the state by extending financial assistance to Micro, Small and Medium Enterprises (MSME), in
manufacturing and service sectors. The financial assistance is provided in the form of term loans,
working capital loans and special schemes. KFC is a member of Credit Guarantee Fund Trust for
Micro and Small Enterprises and provides credit facility upto ` 50 lakhs without collaterals and third
party guarantees to MSMEs.

3.19 Activities of the Corporation are the following

• Sanction of Term Loans to new Micro, Small and Medium enterprises in the manufacturing and
services sector.

• Sanction of Term Loans to existing industrial concerns and services sector units for expansion/
modernisation/diversification.

• Sanction of working capital loans to meet working capital requirements of industrial/service
enterprises under special schemes.

• Special schemes for Financial Assistance to Civil Contractors.
• Special scheme for Financial Assistance for producing Feature Film and TV serials.
• Special scheme for modernisation, up gradation and expansion of existing cinema theatres

and establishment of new multiplexes.
• Special scheme for purchase of Lab equipments/waste management.

Kerala State Planning Board