AFC India Limited

What AFC India Limited does

AFC India Limited (formerly Agricultural Finance Corporation Ltd.) is a Union Government Company incorporated in April 1968 and headquartered in Mumbai, India. It is wholly owned by NABARD, India's commercial banking sector (17 public sector banks, 9 private sector banks, 5 foreign banks), and EXIM Bank, with accounts audited by the Comptroller & Auditor General of India. The company operates as a multi-disciplinary development consultancy delivering five core service categories: Project Identification & Planning, Project Preparation and Appraisal, Project Management & Implementation, Monitoring Evaluation & Policy Advisory, and Engineering Procurement & Construction. These are complemented by seven thematic verticals spanning Skill & Human Capital Development, Technology & Innovation, Sustainable Development & Green Growth, Agriculture Risk Management & Climate Resilience, CSR Management, Producer Collectives & Inclusive Value Chains, and Social Entrepreneurship & Inclusive Finance.

The company serves Government of India ministries, state governments, NABARD, commercial and cooperative banks, multilateral agencies (World Bank, IFAD, ADB, FAO, UNDP), corporate CSR programs, and Farmer Producer Organizations. Its revenue model is professional services and managed services on a per-assignment basis, with no publicly disclosed pricing. AFC has executed 6,000+ consulting assignments over 50+ years, supported by 300+ domain experts and 5,000+ man-years of experience, with a pan-India network of regional and state offices.

AFC's technology stack includes ICT applications, GIS platforms, mobile-based field data collection tools, satellite imagery, drone-based mapping, and AI-enabled digital platforms. Recent digital solutions include the PACS Computerisation ERP (~63,000 Primary Agricultural Credit Societies), AI-Enabled Naari Super App (~10 million SHG women), P4 Super App, MIS-GIS Decision Support System, NAMS for MoEF&CC, and Integrated ERP for the Directorate General of Shipping. The company partners with BECIL, Intellect Information, IIM Lucknow's ESG Alliance, SAF Association, EESL, IFC, and international entities like Nonsan City (Korea) to extend its service delivery. AFC Foundation operates as a wholly-owned non-profit subsidiary established in 2007.

Name

AFC India Limited

Legal name

AFC India Limited

Website

https://afcindia.org.in

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

51–100 employees

Short description

AFC India Limited is a multi-disciplinary development consultancy established in 1968 and wholly owned by NABARD, commercial banks, and EXIM Bank. It provides project planning, appraisal, implementation, monitoring and evaluation services to Government of India, state governments, NABARD, banks, and multilateral agencies across agriculture, rural development, and socio-economic sectors.

Ownership category

akta.pro rank

Product category

Development Consultancy Services

NAICS

Environmental Consulting Services (54162), Computer Systems Design and Related Services (54151)

SIC

Services-Management Consulting Services (8742), Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)

akta.pro primary industry

Program & Project Implementation (TA Delivery) (BPADAEAA)

akta.pro secondary industries

Institutional Capacity Building & Training (Workforce/Systems Strengthening) (BPADAEAC), IT Program/Project Management (PMO) & Delivery Assurance (BPAEAAAO)

Keywords

• Development consultancy
• Rural development consulting
• Agriculture consulting services
• Monitoring and evaluation
• Project implementation services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Development Consultancy Services: AFC provides consulting services including project identification, feasibility studies, DPR preparation, techno-economic appraisals, monitoring & evaluation, and impact assessment for government, banks, and multilateral agencies.
2. Project Implementation Services: Large-scale grassroots level project implementation in areas such as organic farming, agriculture extension, watershed development, skill development, and rural livelihood promotion, often funded by government schemes or international agencies.
3. Capacity Building & Training: Training and capacity building services for Panchayati Raj functionaries, farmers, bankers, government officials, and corporate CSR programs.
4. Technical Backstopping Agency Services: Technical support services to development projects including monitoring, evaluation, and strategic advisory for state governments and government departments.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

AFC India Limited is a multi-disciplinary development consultancy providing consulting, advisory, and project implementation services for agriculture, rural development, and socio-economic sectors. The company's core offerings span five service categories—Project Identification & Planning, Project Preparation and Appraisal, Project Management & Implementation, Monitoring Evaluation & Policy Advisory, and Engineering Procurement & Construction—delivered alongside thematic verticals in skill development, CSR management, climate resilience, sustainable development, producer collectives, and digital transformation. It executes large-scale grassroots projects, prepares detailed project reports, conducts feasibility and impact assessment studies, manages M&E for government schemes, and deploys digital platforms such as the AI-Enabled Naari Super App and the PACS Computerisation Platform.

Product overview

AFC India Limited (formerly Agricultural Finance Corporation Ltd.) is a multi-disciplinary development consultancy organization providing consulting, advisory, and implementation support for agriculture, rural development, and socio-economic sectors in India. The company operates as a unified consultancy with specialized thematic verticals rather than a platform-plus-modules product architecture. Its core offerings include five service categories: Project Identification & Planning, Project Preparation and Appraisal, Project Management & Implementation, Monitoring Evaluation & Policy Advisory, and Engineering Procurement & Construction. These are complemented by seven thematic verticals: Skill & Human Capital Development, Technology & Innovation for Agriculture & Rural Development, Sustainable Development & Green Growth, Agriculture Risk Management & Climate Resilience, CSR Management & Rural Livelihoods, Producer Collectives & Inclusive Value Chains, and Social Entrepreneurship & Inclusive Finance. The company has expanded into emerging sectors including Bio Energy, Infrastructure Development, Urban Greening, and Digital Livestock Insurance. Recent digital solutions include the Integrated ERP for Contract Management, RWSS-RWSONE Digital Platform, AI-Enabled Naari Super App, AI-Enabled P4 Super App, Project Monitoring Tool Dashboard for Namami Gange, National Afforestation & Management System (NAMS), Nationwide PACS Computerisation Platform, and MIS-GIS Decision Support System. AFC Foundation serves as a subsidiary non-profit organization. The portfolio spans 6000+ consultancy assignments across agriculture, rural development, forestry, climate change, skill development, and digital transformation.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Identification & Planning Services Consulting services covering pre-plan studies, techno-economic feasibility studies, socio-economic studies/surveys, market research/surveys, preparation of sectoral development plans, and sponsored/action research for government, banking, and multilateral clients in agriculture and rural development sectors.
• Project Preparation and Appraisal Services Consulting services including resources appraisal, water/land/bio resources use planning, economic and financial analysis, Detailed Project Reports (DPRs), project completion reports, project technical management, and agri-rural business planning for development projects.
• Project Management & Implementation Services End-to-end project implementation of holistic rural and agri-based grassroots-level livelihood projects, credit/investment planning, micro finance, institutional strengthening, training and capacity building, customized farmers' training, and financial inclusion and literacy programs.
• Monitoring, Evaluation & Policy Advisory Services Monitoring, evaluation, and policy advisory services including benchmark/baseline studies, customer satisfaction/KAP surveys, M&E and socio-economic impact assessment, concurrent monitoring of government schemes, environmental impact assessment, mid-term appraisal, end-line and longitudinal studies, supervision of rural infrastructure projects, and MIS development.
• Engineering Procurement & Construction Services Engineering, procurement, and construction services for economic and social infrastructure including urban/rural development plans, quality supervision, DPR preparation, waste management, renewable energy solutions, and operation and maintenance services.
• Skill & Human Capital Development Vertical Thematic vertical for skill and human capital development including implementation of Skill India Programme, identifying gap and priority skill sectors, developing skilled human capital, and exploring international collaboration opportunities.
• CSR Management & Rural Livelihoods Vertical Corporate Social Responsibility strategy development and rural livelihoods programs including CSR strategy conceptualization, planning, implementation, baseline surveys, and impact assessment aligned with Companies Act 2013 requirements.
• Producer Collectives & Inclusive Value Chains Vertical Services for Farmer Producer Organizations including technical backstopping, monitoring and evaluation, DPR preparation, business planning, market linkages, and value addition support.
• Sustainable Development & Green Growth Vertical Sustainable development and green growth services including studying green growth potential, strategic planning, implementation, and developing monitoring and evaluation systems.
• Technology & Innovation for Agriculture & Rural Development Vertical Technology and innovation services for rural development including customized farmers training, ICT-based agriculture monitoring, and technology deficit identification.
• Agriculture Risk Management & Climate Resilience Vertical Services for managing agricultural risks and building climate resilience in rural communities through assessment, planning, and capacity-building programs.
• Social Entrepreneurship & Inclusive Finance Vertical Services promoting social entrepreneurship and inclusive financial solutions for rural development, supporting underserved populations through financial inclusion programs.
• Carbon Credit Project Development Services Services for developing carbon credit projects including GHG assessment, feasibility analysis, emission reduction identification, project documentation, and international carbon standards registration for industrial clients.
• ESG Assessment & Carbon Credit Opportunity Identification ESG assessment, BRSR readiness evaluation, carbon footprint assessment, and decarbonization roadmap development for sustainability frameworks across corporate clients.
• Kushal Yuva Program Skill training program under the Bihar Skill Development Mission providing soft skills, communications skills, and basic computer literacy training for youth aged 15-28 in Bihar.
• Paramparagat Krishi Vikas Yojana (PKVY) Implementation Implementation of organic farming clusters under PKVY including adoption and PGS India Certification of Organic Farming covering 100 clusters and 2,000 hectares in Delhi.
• AI-Enabled Naari Super App AI-enabled mobile-first multilingual digital ecosystem for approximately 10 million Self-Help Group women providing financial literacy, livelihood services, digital learning, and government support.
• Nationwide PACS Computerisation Platform Cooperative digitisation programme covering approximately 63,000 Primary Agricultural Credit Societies, deploying a common ERP solution for credit and non-credit operations in consortium with BECIL and Intellect Information Private Limited.
• MIS-GIS Decision Support System Integrated MIS-GIS platform for the World Bank-supported CHIRAAG Project combining real-time field information with geospatial data, analytical dashboards, automated alerts, and performance tracking for project monitoring.
• National Afforestation & Management System (NAMS) Technology-enabled platform for monitoring afforestation and landscape restoration integrating GIS-based monitoring, spatial information, dashboards, and analytical tools, supporting MoEF&CC in association with TES as technology partner.
• RWSS-RWSONE Digital Platform Unified digital backbone for rural water and sanitation governance integrating secure mobile and web applications with centralized databases, analytics, dashboards, and API integrations for Andhra Pradesh.
• Integrated ERP for Contract & Budget Management Enterprise digital transformation solution for contract and financial governance implementing an Integrated ERP Solution for Contract Management and MTT Budget Management for the Directorate General of Shipping.
• Project Monitoring Tool Dashboard for Namami Gange Digital monitoring platform for the Namami Gange Mission providing technical and operational support, system assessment, troubleshooting, and performance optimization for river rejuvenation programs.
• Bio Energy Services Strategic renewable energy services including Bio-CNG plants, solar-powered infrastructure, waste-to-energy systems, and climate-resilient rural infrastructure in collaboration with GEDA, Government of Goa.
• Urban Greening & Ecological Restoration Miyawaki afforestation and ecological restoration services for industrial landscapes and defense establishments, delivering high-density urban green cover programs.
• FPO Promotion and Management Support Group Services Management Support Group services for the Small Farmer Agri-business Consortium (SFAC) for FPO promotion under RKVY and NFSM, supporting formation, business planning, market linkages, and value chain integration.
• Customized Farmers' Training Program Training programs for farmers under RKVY including integrated farming, post-harvest processing, and market linkages, delivered across multiple Indian states.

Quantifiable outcome

• 6000+ consulting assignments accomplished
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

18 partnerships are on record, tiered core and supporting.

• National Institute of Solar Energy (NISE)coreStrategic or Co-development PartnerAFC collaborated with NISE to be an effective interface between the Government and Institutions, industry & user organizations for monitoring & evaluation of solar devices and capacity building & training of stakeholders through its Pan India presence and domain specific resource persons in Renewable Energy Sector.
• National Centre for Financial Education (NCFE)coreStrategic or Co-development PartnerAFC entered into collaboration with NCFE to promote the goal of Financial Education and Financial Inclusion in India through establishing channels of communication for creation and interchange of information and knowledge among all segments of the population across the country.
• Solidaridad Network Asia Ltd., Hong KongsupportingStrategic or Co-development PartnerCollaboration for building CSO capacities on Participatory decision making for inclusive land and water efficiency towards sustainable Ganga Basin. Multi stakeholder platform actively engaged in landscape planning and development of Gangetic plain.
• Sheladia Associates, Inc., U.S.A.supportingStrategic or Co-development PartnerAFC carried out World Bank aided Monitoring & Evaluation for Maharashtra Water Sector Improvement Project (MWSIP) in collaboration with Sheladia Associates. Assignment was for period of five years extended further two more years (2007 to 2014).
• HexGnsupportingStrategic or Co-development PartnerAFC India and HexGn Team up to Promote 1000 Agritech Startups through collaboration aimed at promoting technology-driven agriculture and rural development innovations.
• International Finance Corporation (IFC)coreStrategic or Co-development PartnerIFC selected AFC for carrying out an Assessment on COVID-19 Relief Support Measures to Farmers, demonstrating recognition of AFC's expertise in agricultural development assessment.
• India ESG Alliance, IIM LucknowcoreStrategic or Co-development PartnerAFC India in partnership with India ESG Alliance, IIM Lucknow organized the India Environment–Social–Governance (ESG) Summit 2026 to bring ESG from boardrooms to actionable commitments.
• SAF AssociationcoreStrategic or Co-development PartnerAFC signed MoU with SAF Association for promoting sustainable feedstock development, institutional capacity building, and innovative financing mechanisms contributing to India's Net Zero Aviation ambitions.
• Goa Energy Development Agency (GEDA)coreStrategic or Co-development PartnerAFC entered into strategic collaboration with GEDA, Government of Goa to support conceptualization, planning, and implementation of innovative bioenergy and renewable energy initiatives including Bio-CNG plants, waste-to-energy systems, solar-powered cold storage.
• BECIL and Intellect Information Private LimitedcoreStrategic or Co-development PartnerAFC India, in consortium with BECIL and Intellect Information Private Limited, is supporting one of India's largest cooperative digitisation programmes covering approximately 63,000 PACS nationwide for deployment of common ERP solution.
• TES (Technology Partner)supportingTechnology or IntegrationAFC in association with TES is supporting development of National Afforestation and Management System (NAMS), integrating GIS-based monitoring, spatial information, dashboards, and analytical tools for MoEF&CC.
• Energy Efficiency Services Ltd (EESL)coreStrategic or Co-development PartnerAFC India Ltd signed MoU with EESL for collaboration towards a greener, skilled future through energy efficiency and skill development initiatives.
• Nonsan City, Republic of KoreasupportingStrategic or Co-development PartnerAFC India Limited signed international MoU with Nonsan City Municipality, Republic of Korea to promote agri-food trade between India and South Korea.
• Department of Horticulture, Uttar PradeshcoreStrategic or Co-development PartnerAFC India Limited signed MoU with Department of Horticulture, Uttar Pradesh to boost value chains and exports in the horticulture sector.
• Home Ministry's Care Economy and Workforce SkillingsupportingStrategic or Co-development PartnerAFC India Limited partnered with HMCGSSC to strengthen the Care Economy and Workforce Skilling through MoU for training and capacity building.
• Dattopant Thengadi National Board for Welding Education & Development (DTNBWED)coreStrategic or Co-development PartnerAFC India Limited signed two MoUs with DTNBWED for Skill Development of Agricultural Labourers and Advance Skill Development & Youth Empowerment.
• Hindustan Latex Family Planning Promotion Trust (HLFPPT)supportingStrategic or Co-development PartnerAFC India Limited signed MoU with HLFPPT to strengthen Public Health, Livelihoods and Sustainable Development initiatives.
• Uttar Pradesh Employment DepartmentcoreStrategic or Co-development PartnerAFC India Ltd signed MoU with Uttar Pradesh Employment Department to Drive Technical Skill Development in the state.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• NABARD Consultancy Services (NABCONS): Wholly-owned subsidiary of NABARD providing Agri-rural and development consultancy, M&E, and project implementation services in India. The closest direct peer, sharing the same sponsor (NABARD), same target clients (Central/State Government, banks, multilaterals), and overlapping service portfolio across agriculture, rural development, and financial inclusion.
• National Productivity Council (NPC): Autonomous body under the Department of Industrial Policy & Promotion providing consultancy, training, and M&E services across industries including agriculture and rural development. Comparable as a government-affiliated multi-disciplinary consultancy competing for similar feasibility study, DPR, and capacity-building mandates.

Emerging players

• ACCESS Development Services: Indian development sector organisation providing consulting, capacity building, and market-linkage services for FPOs, livelihood promotion, and financial inclusion. Overlaps with AFC's Producer Collectives & Inclusive Value Chains and financial inclusion verticals.
• PRADAN (Professional Assistance for Development Action): India-based NGO that designs and implements grassroots livelihood and FPO programmes in agriculture and rural development. Comparable on the grassroots project implementation and producer-collective capacity-building services, though PRADAN operates as a non-profit rather than a commercial consultancy.
• Welspun Livelihood Advisory (Welspun Foundation): An India-based philanthropic/CSR-focused advisory implementing large-scale livelihood, agriculture, and water-sanitation projects. Comparable on grassroots project implementation and CSR-related rural development consulting.

Broad incumbents

• Deloitte India (Development Advisory): Deloitte's India practice includes government & public services and sustainability advisory, competing with AFC for multilateral and ESG mandates. Comparable as a competitor in large-scale project M&E, ESG advisory, and digital transformation for government ministries.
• PwC India (Government & Climate Advisory): PwC India provides government advisory, climate/ESG, and rural development consulting, often serving multilateral clients in India. Direct competitor for high-value advisory mandates and ESG/carbon credit work.
• Ernst & Young (EY) India — Government & Public Sector: EY's India government and public sector practice competes with AFC for project advisory, PPP structuring, and ESG/sustainability mandates. Comparable on M&E, climate finance, and digital transformation work for central and state governments.
• KPMG India (Government & Development Advisory): KPMG India offers government advisory including agriculture, rural development, and ESG/sustainability consulting. Competes with AFC for consulting and implementation support services to multilateral agencies and state governments.
• Grant Thornton India (Government & Advisory): Grant Thornton Bharat LLP serves government-owned enterprises, multilaterals, and development-finance clients with advisory and programme management services. Comparable for project M&E, governance, and ESG advisory mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/afcindia1
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• LinkedInlinkedin.com/company/afc-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AFC India Limited