Industrial Finance Corporation of India was established in 1948 for _________________________.
options:-
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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Answer:
option a is the correct answer
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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.
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