Power Finance Corporation – Roles, Exam, Syllabus, Selection Process, and Benefits
Power Finance Corporation (PFC) is an Indian Financial Institution. Founded in 1986, PFC is the financial backbone of the Indian Power Sector. Being said that, the PFC currently has more than ten subsidiary companies. These companies include Orissa Integrated Power Limited, Coastal Karnataka Power Limited, Tamil Nadu Power Limited, Coastal Maharashtra Power Limited, Deoghar Infra Limited, Bihar Infrapower Limited, and Deoghar Mega Power Limited among others.
Being said that, Power Finance Corporation recruits thousands of individuals every year from all over the country across its different subsidiaries. In this article, we will the various roles for which you can apply along with the different exams, syllabus, selection process, and benefits of working with Power Finance Corporation.
Different Roles Available With Power Finance Corporation
Power Finance Corporation recruits for a number of different positions each year. Some of the different roles available with Power Finance Corporation include Administration, HR, Site Supervisor, Finance, and Accounts among others. For all of these different positions, the Power Finance Corporationthe Coordinator category. Apart from this, the Power Finance Corporation also recruits under the Technical Consultant category.
All of these positions are much sought among aspiring individuals who are looking to work in a government organization. As a result, millions of individuals every year from all over the country apply for these positions with Power Finance Corporation.
Exam Pattern
The Power Finance Corporation exam pattern varies based on the position for which the recruitment is conducted. Being said that, the recruitment for the post of Coordinator and Consultant done through an online test. This exam is usually divided into six different sections such as General Awareness, English, Quantitative Aptitude, Reasoning, General Science, and Concerned Subject topics.
Being said that, all of these six sections in the exam consist of objective-type questions. There are 150 questions in total, wherein the candidates get a total of 150 minutes to answer all of the questions.
Syllabus for Power Finance Corporation Exams
- English – Spelling Test, Synonyms, Sentence Completion, Antonyms, Error Correction, Spotting Errors, Passage Completion, and Fill in the Blanks among others.
- General Awareness – General Science, Culture, Tourism, Rivers, Lakes, and Seas, Indian History, Current Affairs, Indian Economy, and Famous Places in India among others.
- Quantitative Aptitude – Indices, Problems on Trains, Probability, Average, Compound Interest, Areas, Numbers and Ages, Profit and Loss, and Number Problems among others.
- Reasoning – Letter and Symbol, Data Sufficiency, Cause and Effect, Making Judgements, Non-Verbal Reasoning, Verbal Classification, and Data Interpretation among others.
Questions on the concerned subjects differ based on the background of the candidate and the position for which they are applying with the Power Finance Corporation.
Eligibility Criteria for Power Finance Corporation Exam
Different exams conducted by Power Finance Corporation have different eligibility criteria. However, most of the criteria remain the same across examinations.
For Coordinator Position
- You must be a citizen of India.
- You must have an engineering degree from a recognized institute in India.
- You must have at least three years of experience in the case of a bachelor’s degree and 5 years of experience in the case of a diploma degree.
- The upper limit of the age is 44 years.
For Technical Consultant Position
- You must be a citizen of India.
- You must have an engineering degree from a recognized institute in India.
- You must have at least 2- 5 years of experience based on the position that you are applying for.
- The upper limit of the age is 44 years.
Apart from these requirements, some age relaxations have been provided to candidates of different categories. For instance, if you belong to SC and ST category, Power Finance Corporation offers an age relaxation of 5 years. For the OBC category, the age relaxation is of 3 years, for the PWD category the age relaxation is of 10 years, and for candidates domiciled in Jammu and Kashmir, the age relaxation is of 5 years.
Selection Process for Power Finance Corporation Recruitment
After giving the written test, individuals are then called upon for a personal interview round. Based on the performance during the personal interview round, Power Finance Corporation makes the final recruitment decision. With thousands of individuals applying for the various positions, only a few thousands get selected each year. Therefore, it is crucial to prepare accordingly for the Power Finance Corporation selection process.
Period of Contract
Some of the positions available with the Power Finance Corporation are contractual. With such positions, the period of contract is usually 2 years from the date of joining. However, the period can be extended by six months on each occasion, if your performance is good during your tenure with the organization.
Benefits of Working with Power Finance Corporation
There are several benefits and perks available when you join any government-owned organization in India. However, working with Power Finance Corporation provides you with an amazing set of perks unlike any other. Some of the benefits of working with Power Finance Corporation include job security, a stable pay scale, continuous increments in pay, and reliability.
Final Thoughts
Getting a job with a government-owned enterprise is one of the toughest things in India. It is because millions of individuals are fighting for the same roles and positions. Therefore, it is very crucial that you start preparing for such exams in advance. Moreover, passing these exams is also difficult, as Power Finance Corporation follows a stringent recruitment process. Therefore, it becomes necessary to know the exact details such as exam patterns and syllabus topics before you appear for the exam.
Now, that you know all of these details, make sure you prepare accordingly for the exams and ensure that you get yourself a position with Power Finance Corporation. With hundreds and thousands of people fighting for the same position, you have to ensure that you give your best shot when the opportunity knocks on your door.