Question

Specify the function of IFCI​

Answer 1

Answer:

First, the main function of the IFCI is to provide medium and long-term loans and advances to industrial and manufacturing concerns. ... It also guarantees deferred payments in case of loans taken from foreign banks in foreign currency. There is a special department the Merchant Banking & Allied Services Department.

Answer 2

Explanation:

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First, the main function of the IFCI is to provide medium and long-term loans and advances to industrial and manufacturing concerns. ... It also guarantees deferred payments in case of loans taken from foreign banks in foreign currency. There is a special department the Merchant Banking & Allied Services Department.