Agricultural Finance Corporation Limited (AFCL) is governed by eminent Board of Directors   comprising Chairmen and Managing Directors of eight Public Sector commercial Banks; Chairman of Development Finance Institutions i.e. National Bank for Agriculture and Rural Development, (NABARD) and Export & Import Bank of India (EXIM Bank) nominees of Government of India from the Ministries of Agriculture, Finance and Planning Commission; and three Experts in the fields of Agriculture, Finance and rural development.  One of the three experts is currently the Chairman of the Board of Directors of the company. The Managing Director is the chief executive of the Company.

Pursuant to the requirements of Section 292A of the Companies Act, 1956, Audit Committee oversee the financial reporting and accounting, external auditor, regulatory compliance and monitors the internal control process.

Operations of the Company are audited by the Comptroller and Auditor General of India (CAG) under Section 619(4) of the Companies Act, 1956.