Economy, asked by ajayc20ece, 1 month ago

IFCI was the first chain establishment of financial corporations to provide finance assistance for industrial development. true or false

Answers

Answered by praiseme

Answer:

true

Explanation:

Industrial Finance Corporation of India (IFCI) is actually the first financial institute the government established after independence. The main aim of the incorporation of IFCI was to provide long-term finance to the manufacturing and industrial sector of the country.

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