UTTAR PRADESH FINANCIAL CORPORATION was established in 1954 by the Government of Uttar Pradesh under SFC’s Act 1951 (Central Act) to provide support for industrial development in the state of Uttar Pradesh. Since its establishment, Corporation had disbursed loans of Rs.3200 crore to about 40000 industrial units and contributed in investment of about Rs.5000 crore in the state of Uttar Pradesh and helped in employment generation of 821000 persons.

The corporation is presently engaged in implementing various state govt. industrial promotional schemes viz; Audhyogik Nivesh Protsahan Yojana ,Infrastructure Interest Subsidy Scheme, Capital Investment Interest Subsidy Scheme, Quality Control Equipment Interest Subsidy Scheme and contributing an important role towards industrial development of the state .

The state govt. vide notification GO No. 1098/20.1.EUO-143/14 Dated 10 July, 2014 has been appointed UPFC to perform the work of NRI department including organizing UP PRAVASI DIWAS (UP NRI DAY) .Further UPFC has been nominated to work as state govt. recruiting agency for overseas employment and registered with Ministry Of External Affairs under Emigration Act-1983 vide RC no B-0742/UP/COM/1000+5/9159/2015 (valid up to 07-02-2021).

It will have important role to stop activities of illegal recruitment ,exploitation of emigrants and will also encourage overseas employment from the state and the Northern India .It is the only state govt.agency in Northern India and one of the six state govt agencies in the country permitted to recruit Indian nurses and female domestic worker for overseas employment .