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    Industrial Finance Corporation of India

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    Abdul Rahman Khan
    The Industrial Finance Corporation of India (IFCI) was set up in 1948 by the Government of India as the country's first development financial institution. IFCI provides medium and long-term financing to industrial sectors to promote their growth. It has authorized capital of Rs. 20 crores, half of which is held by IDBI and other banks and financial institutions. Over the years, IFCI has sanctioned Rs. 462 billion to 5707 industrial projects, catalyzing investments of Rs. 2,526 billion. Key sectors supported include textiles, sugar, fertilizers, cement, iron and steel, and infrastructure like power and telecom.

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    Industrial Finance Corporation of India

    Uploaded by

    Abdul Rahman Khan
    82 views11 pages
    The Industrial Finance Corporation of India (IFCI) was set up in 1948 by the Government of India as the country's first development financial institution. IFCI provides medium and long-term financing to industrial sectors to promote their growth. It has authorized capital of Rs. 20 crores, half of which is held by IDBI and other banks and financial institutions. Over the years, IFCI has sanctioned Rs. 462 billion to 5707 industrial projects, catalyzing investments of Rs. 2,526 billion. Key sectors supported include textiles, sugar, fertilizers, cement, iron and steel, and infrastructure like power and telecom.

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    IFCI

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    The Industrial Finance Corporation of India (IFCI) was set up in 1948 by the Government of India as the country's first development financial institution. IFCI provides medium and long-term financing to industrial sectors to promote their growth. It has authorized capital of Rs. 20 crores, half of which is held by IDBI and other banks and financial institutions. Over the years, IFCI has sanctioned Rs. 462 billion to 5707 industrial projects, catalyzing investments of Rs. 2,526 billion. Key sectors supported include textiles, sugar, fertilizers, cement, iron and steel, and infrastructure like power and telecom.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    82 views11 pages

    Industrial Finance Corporation of India

    Uploaded by

    Abdul Rahman Khan
    The Industrial Finance Corporation of India (IFCI) was set up in 1948 by the Government of India as the country's first development financial institution. IFCI provides medium and long-term financing to industrial sectors to promote their growth. It has authorized capital of Rs. 20 crores, half of which is held by IDBI and other banks and financial institutions. Over the years, IFCI has sanctioned Rs. 462 billion to 5707 industrial projects, catalyzing investments of Rs. 2,526 billion. Key sectors supported include textiles, sugar, fertilizers, cement, iron and steel, and infrastructure like power and telecom.

    Copyright:

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    of 11

    IFCI

    INDUSTRIAL FINANCE CORPORATION OF INDIA


    Mr Atul Kumar
    Rai
    CEO and Managing Director

    ABDUL RAHMAN KHAN


    INTRODUCTION
    • The Government of India set up the IFCI under IFCI Act
    in July 1948.

    • It is the first development financial institution in the


    country to cater to the long-term finance needs of the
    industrial sectors.

    • The main objective of IFCI is to making medium & long


    term credits more readily available for industrial
    concerns in India.

    ABDUL RAHMAN KHAN


     The main focus of The Industrial Finance
    Corporation was to provide long-term financial
    benefits to various sectors in Indian industry and it
    has fulfilled it quite efficiently. IFCI carried out all
    the responsibilities regarding Government's
    industrial policy initiatives till the establishment of
    ICICI in 1956 and IDBI in 1964. 

    ABDUL RAHMAN KHAN


    CAPITAL
    ◦ The authorized capital of the
    corporation as per IFCI Act 1948, was
    Rs.10 crores. It was raised to Rs.20
    crores by the Amendment Act 1972.
    ◦ 50% of the share capital is held by
    the IDBI & remaining 50% by banks,
    cooperative banks, insurance
    company, investment trusts etc.,

    ABDUL RAHMAN KHAN


    BOARD OF DIRECTORS
     Mr Atul Kumar Rai- CEO and Managing
    Director (since July, 2007)
     Mr Prakash P Mallya-Chairman of the Board
     Mr K V Eapen- Joint Secretary, Department of

    Financial Services
     Mr Sanjeev Kumar Jindal
     Mr Shilabhadra Banerjee
     Mr P G Muralidharan

    ABDUL RAHMAN KHAN


    INDIAN ECONOMY AND IFCI
     
    It made a significant contribution to the
    modernization of Indian industry, export
    promotion, import substitution, pollution
    control, energy conservation and generation
    through commercially viable and market-
    friendly initiatives. Some sectors that have
    directly benefited from IFCI include:

    ABDUL RAHMAN KHAN


     Agro-based industry (textiles, paper, sugar) 
     Service industry (hotels, hospitals) 
     Basic industry (iron & steel, fertilizers, basic

    chemicals, cement) 
     Capital & intermediate goods industry

    (electronics, synthetic fibres, synthetic


    plastics, miscellaneous chemicals) and
    Infrastructure (power generation, telecom
    services)

    ABDUL RAHMAN KHAN


    IFCI's ECONOMIC CONTRIBUTION
     IFCI has sanctioned financial assistance of Rs
    462 billion to 5707 concerns
     IFCI has catalysed investments worth Rs

    2,526 billion in the industrial and


    infrastructure sectors.  
     6.5 million spindles in the textile industry
     7.2 million tons per annum (tpa) of sugar

    production
     1.7 million tpa of paper and paper products

    ABDUL RAHMAN KHAN


     18.5 million tons tpa of fertilizers
     59.3 million tpa of cement
     30.2 million tpa of iron and steel
     32.8 million tpa of petroleum refining
     14,953 MW of electricity
     22,106 hotel rooms
     5,544 hospital beds
     8 port projects, 66 telecom projects and 1

    bridge project.

    ABDUL RAHMAN KHAN


    ABDUL RAHMAN KHAN

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