In 1948, Industrial Finance Corporation of India was formed for ………. .Choose the right option and rewrite the sentence.
(a) better development of the industrial sector.
(b) making available long term loans to industrial projects.
(c) generating employment
(d) determining the quality of finished goods.
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In 1948, Industrial Finance Corporation of India was formed for making available long-term loans to industrial projects. It was setup under the IFCI act.
Today also it continues to be one of the most important purveyors of direct financial assistance available.
IFCI is appointed as agent of the government of India for making of loans from some known funds.
IFCI provides guidance to new and tiny projects after proper identification.
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In 1948, Industrial Finance Corporation of India was formed for making available long term loans to industrial projects.
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