Question

Since when has IFCI been converted into a private limited company?(a) 1991(b) 1992(c) 1993(d) 1994

Answer 1

c) 1993

from july 1, 1993

Answer 2

1993

The Industrial Finance Corporation of India (IFCI), was converted into private organization in 1993. This allowed it much more flexibility in its operation than when it was fully owned by the government.  It became a listed company in the capital markets easing its access to capital and further growth. It manages seven financial subsidiaries and provides venture capital funds and government allocated funds.