Question

Explain the objects of M.P. state finance corporation?

Answer 1

Explanation:

Madhya Pradesh Financial Corporation is the premier institution of the state, engaged in providing financial assistance and related services to small to medium sized industries.

Incorporated in the year 1955,under the State Financial Corporation Act, 1951 (No. LXIII of 1951), it works under the control of the Board of Directors, consisting of representatives from State Government, Small Industries Development Bank of India, Reserve Bank of India, Scheduled Banks, Insurance Companies, Co-operative Banks and other shareholders.

MPFC is a well knit organisation with its head quarters at Indore - the industrial hub of Madhya Pradesh, and 20 offices at different places.

The "Right to Information 2005 lwpuk ds vf/kdkj vf/kfu;e 2005 ds rgr fuxe dh tkudkjh ,oa dk;Ziz.kkyh dh iqfLrdk " - MPFC Booklet is available here.

Annual Reports

"2019-20"

"2018-19"

"2017-18"

"2016-17"

"2015-16"

Loans Sanctioned from F.Y. 2011-12 onwards

(As per court order dated 28/12/2017 of State Information Commissioner under Right to Information)

"Memorandum of Understanding for the Year 2011-12 entered with Govt.of M.P."

Annual property returns of the employees.

Answer 2

Answer:

The state's leading institution for financial aid is Madhya Pradesh Financial Corporation.

Explanation:

M.P. Finance Corporation's objectives are as follows:

• Micro, Small, and Medium Businesses and the Services Sector will get funding in the form of Term Loans for the purchase of fixed assets such as land, buildings, machinery, and other supplemental assets
• Term loans for growth, modernization, and diversification are available to existing industrial enterprises and service sector businesses.
• In order to meet the working capital requirements of industrial and service firms, Cashflow Term Loans are approved under a special plan.
• To end poverty, provide disadvantaged people with work opportunities, and institutionalize the state's economic stream.

Thus, they are engaged in industrial loans for small to medium-scale enterprises in Madhya Pradesh and Merchant Banking Services.