AFC India Ltd. (AFC), formerly Agricultural Finance Corporation Ltd., is a National Level Premier multi-disciplinary development consultancy and technical support institution specializing in agriculture and rural development segments of the economy. Established way back in the year 1968, AFC is wholly owned by Commercial Banks, NABARD and EXIM Bank. AFC is a Deemed Government Company under Section 139 (5) and 139 (7) of the Companies Act, 2013 and its accounts are audited by Comptroller & Auditor General of India (CAG). It is an ISO 9001-2015 certified Company.
AFC has core competence in providing a wide range of services such as identification of potential projects for promoting development in different sub-sectors, conducting pre- feasibility/scoping studies, baseline studies, potential surveys, formulation & appraisal of projects, techno-economic project appraisals, monitoring & evaluation, impact assessment, needs assessment, socio-economic studies etc. Of late, AFC has diversified into large scale grassroots level project implementation in areas such as organic farming, agriculture extension, agri-business development, watershed development, forestry, climate change, rural livelihood promotion, education, health & nutrition, training & capacity building, skilling and financial literacy.
In its five decades of operations, AFC has been involved in more than 6000 consulting assignments of diverse nature with clientele ranging from Government of India, State Governments, NABARD, Commercial and Cooperative Banks, PSUs, MNCs, Development Corporations, National Horticulture Board, NGOs and multilateral agencies viz. World Bank, IFAD, ADB,EOI, FAO, UNDP to name a few.
AFC is now serving the entire value chain of agriculture and rural development from policy advocacy to project implementation and management, training and capacity building to skill development in rural and semi-urban areas. The company envisages to be an institution delivering last mile connectivity to various development initiatives of the Government on Pan India basis and sharing the experience with other countries.