Question

What are the main functions of special financial institutions?State.

Answer 1

Answer:

The main functions of I.F.C.I. are as under:-

i. ) Granting loans and advances for the establishment, expansion, diversification and modernisation of industries in corporate and co-operative sectors.

ii) Guaranteeing loans raised by industrial concerns in the capital market, both in rupees and foreign currencies.

Answer 2

Explanation:

Answer:

The main functions of I.F.C.I. are as under:-

i. ) Granting loans and advances for the establishment, expansion, diversification and modernisation of industries in corporate and co-operative sectors.

ii) Guaranteeing loans raised by industrial concerns in the capital market, both in rupees and foreign currencies.