Mention any four functions of IFCI.

1.	Mention any four functions of IFCI.
Answer» (i) To provide medium and long term assistance to industrial concerns for: • setting up of new industrial undertakings. • expansion on diversification of existing concerns. • modernization and renovation of existing concerns. • meeting working capital requirements. • meeting existing liabilities. (ii) To grant loans to industrial concerns repayable within 25 years. (iii) To underwrite shares stocks, bonds etc. of the industrial enterprise to be disposed of within 7 years. (iv) To subscribe directly to the shares and debentures of public limited companies.

Answer»

(i) To provide medium and long term assistance to industrial concerns for:

• setting up of new industrial undertakings.

• expansion on diversification of existing concerns.

• modernization and renovation of existing concerns.

• meeting working capital requirements.

• meeting existing liabilities.

(ii) To grant loans to industrial concerns repayable within 25 years.

(iii) To underwrite shares stocks, bonds etc. of the industrial enterprise to be disposed of within 7 years.

(iv) To subscribe directly to the shares and debentures of public limited companies.

Discussion