Explain the objectives and functions of ifci
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IFCI, previously Industrial Finance Corporation of India, is an Indian government owned development bank to cater to the long-term finance needs the industrial sector. It was the first development finance institution established by the Indian government after independence.
Until the establishment of ICICI in 1991, IFCI remained solely responsible for implementation of the government's industrial policy initiatives.
In 1993 it was reconstituted as a company to impart higher degree of operational flexibility. IFCI was allowed to access the capital markets directly.
Until the establishment of ICICI in 1991, IFCI remained solely responsible for implementation of the government's industrial policy initiatives.
In 1993 it was reconstituted as a company to impart higher degree of operational flexibility. IFCI was allowed to access the capital markets directly.
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hola there IFCI is today not only a term lending institution but an active financial intermediary and a provider of a wide range of services to industry The following functions are being offered by Industrial Finance Corporation of India Limited
T It provides direct assistance to industries in the form of Term Loans hope you like it
T It provides direct assistance to industries in the form of Term Loans hope you like it
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