name a financial institution that supplies industrial finance in India
Answers
Answer:
hii mate...
Industrial Development Bank of India
The new institutions supplying industrial finance are Industrial Development Bank of India, Industrial Finance Corporation of India, Unit Trust of India, and General Insurance Corporation of India, Industrial Reconstruction Bank of India, State Financial Corporations, and State Industrial Development Corporations.
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Indian Finance Corporation of India(IFCI) is one of the financial institutions providing industrial finance or loan in India.
Explanation:
IFCI was originally established in 1948 as a major public sector financial enterprise or institution in India.It is an autonomous public organizations which provides finances primarily for public infrastructural projects related to transportation services,roads and highways,airports,telecommunication,real estate,manufacturing sector,service sector and so forth.One of its main objective is to provide financial assistance for industrial growth and development in the nation.Some of its notable achievements include Goa International Airport,NRSS Transmission,Salasar Highways,Adani Mundra Ports etc.