Bhola is planning to set up small scale food processing factory in his village.
But despite his best efforts, he is not able to arrange adequate finance for his
business. His friend, Shiv tells him that government has established special
institutions in the country to promote industrial development. He must
contact any of these institutions to get the financial assistance for his
business.
(a) What do you understand by the term 'Special institution'?
(b) Explain any two merits and two limitations of it.
(c) Suggest the names of any four such institutions that Bhola may
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Answer:
a) special institution means a institution that provides finance to business organisation
b)it provides long term finance
these instructions provide financial, managerial and technical advice and consultancy to business firm.
limitations....
certain restrictions such as dividend payments are imposed on the power of borrowing company
.it follow rigid criteria for grant of loans.
c)IFC,EXMI bank, Asian Development Bank, Reliance
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