describe the specific schemes of IFCI
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IFCI is a public sector non-banking financial company that is currently listed on the NSE and BSE. It provides financial assistance for the growth of industries in India. ... In this regard, IFCI provides guarantees to banks against loans offered to young entrepreneurs who belong to Scheduled Castes.
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The specific schemes of IFCI:
- IFCI provides the banks with guarantees against loans offered to young investors belonging to Scheduled Castes.
- India's Industrial Finance Corporation (IFCI) is the first government-established financial institution after independence.
- The main purpose of IFCI's incorporation was to give long-term finance for the country's industrial and manufacturing sector.
- IFCI was introduced in 1948, was emerged into a public company on 1 July 1993 and is now well known as the 'Industrial Finance Corporation' of India Ltd.
- The main theme of establishing this evolution bank was to give assistance to the industrial sector to achieve their financial needs in the short and long term.
Learn more about IFCI
Which of the following is a direct beneficiary of IFCI?(a) Agro-based industry(b) Service industry(c) Capital & intermediate goods industry(d) All of the above
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Since when has IFCI been converted into a private limited company?(a) 1991(b) 1992(c) 1993(d) 1994
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