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  • Industrial Finance of India

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    Tuhin Subhra Chakraborty
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    The document summarizes several Indian development finance institutions including IFCI, ICICI, IDBI, SIDBI, EXIM, SFCs, UTI, LIC, GIC, and IRCI. It notes that they were set up beginning in 1948 to provide medium and long term financing in Indian rupees and foreign currency for expansion, modernization, diversification, and renovation of industries. IRCI was specifically formed in 1971 under the Companies Act to provide assistance to sick industrial units for rehabilitation and speedy reconstruction.

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    The document summarizes several Indian development finance institutions including IFCI, ICICI, IDBI, SIDBI, EXIM, SFCs, UTI, LIC, GIC, and IRCI. It notes that they were set up beginning in 1948 to provide medium and long term financing in Indian rupees and foreign currency for expansion, modernization, diversification, and renovation of industries. IRCI was specifically formed in 1971 under the Companies Act to provide assistance to sick industrial units for rehabilitation and speedy reconstruction.

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    45 views9 pages

    Industrial Finance of India

    Uploaded by

    Tuhin Subhra Chakraborty
    The document summarizes several Indian development finance institutions including IFCI, ICICI, IDBI, SIDBI, EXIM, SFCs, UTI, LIC, GIC, and IRCI. It notes that they were set up beginning in 1948 to provide medium and long term financing in Indian rupees and foreign currency for expansion, modernization, diversification, and renovation of industries. IRCI was specifically formed in 1971 under the Companies Act to provide assistance to sick industrial units for rehabilitation and speedy reconstruction.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    of 9

    IFCI ICICI IDBI SIDBI EXIM SFCs( state finance corporation) UTI LIC & GIC IRCI (Industrial

    dustrial re-construction corp.)

    SET UP: 1948 OBJECTIVES: 1.Medium & long term in P.S 2. Provision of Assistance

    3. Rupee & foreign currency loans 4. Expansion, Modernization & diversification & renovation.

    It was sponsored by world bank Ownership by Indian private sector & foreign institution. Provision of foreign currency loans Transformed into world of retail finance. Provides assistance to non-traditional , growth oriented industries like chemicals, petro chemical & engineering goods.

    Owned by RBI Acts as a devlpt; Financing agency. Other Supplementary duties. Works for term lending institutions by operating in various directions. Scheme for no industrial districts. Provision into core sectors like iron, & steel, oil exploration & cement, etc.

    For Development of small & Medium enterprises State Financial Act 1951. OBJECTIVES:

    Regional balanced Economic Growth. Provision of Long term loans.


    SOURCES OF FUNDS:

    Loans from RBI. State Government. SIDBI & IDBI.

    IRCI 1971- Companies Act 1956 OBJECTIVES:  Assistance to Sick units ( 242 units)  Rehabilitation  Speedy Reconstruction

    1.RCTC Risk Capital & Technology corp; limited. 2. TDICI Technology Development & Information Company Of India

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