Industrial credit and investment corporation of india
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Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 as public limited company under Indian Company Act, for developing medium and small industries of private sector.
Explanation:
Objectives:
The important objectives of the ICICI are as follows:
(i) To provide loans to industrial projects in private sector.
ADVERTISEMENTS:
(ii) To stimulate the promotion of new industries.
(iii) To assist the expansion and modernization of existing industries.
(iv) To provide Technical and managerial aid to increase production
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