Question

What are the objectives of M.P. Finance corporation?​

Answer 1

Answer:

Madhya Pradesh Financial Corporation is the state's principal financial organization, assisting small and medium-sized businesses with financing and other services. The State Financial Corporation Act of 1951 was used to incorporate the company in 1955.

Explanation:

Objectives of M.P. Finance corporation are:-

• Financial aid in the form of Term Loans to new Micro, Small, and Medium Enterprises, as well as the Services Sector, for the acquisition of fixed assets such as land, buildings, plant and machinery, and other miscellaneous assets.
• Existing industrial concerns and service sector units are eligible for term loans for expansion, modernization, and diversification.
• Working Capital Term Loans are approved under a unique plan to fulfill the working capital needs of industrial and service businesses.

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