Question

Explain the role and importance of state level financial institutions.

Answer 1

Specialised financial institutions are also animportant source of such finance. In this lesson, we shall discuss the role and functions of specialised financial institutions. SFIs are institutions set up mainly by the government for providing medium and long-term financial assistance to industry.

Answer 2

They are the State-level financial institutions which play a crucial role in the development of small and medium enterprises in the concerned States. ... They have been set up with the aim of promoting industrial development in the respective States and providing financial assistance to small entrepreneurs.