Question

Name any three special financial institutions and state their objectives.

Answer 1

Hi my dear friend,

The three special financial institutions are as following:

Industrial Finance Corporation of India (IFCI) : Its objectives include promoting balanced regional development and encouraging new entrepreneurs to enter into the priority sectors of the country.

Unit Trust of India (UTI) : The basic objective of UTI is to mobilise the community’s savings and channelise them into productive ventures.

Industrial Development Bank of India (IDBI) : It was established in 1964 with an objective to co-ordinate the activities of other financial institutions, including Commercial Banks.

~Thank you