TOPIC:INDUSTRIAL FINANCE CORPORATION OF INDIA

SUBMITTED TO: Prof. Meghna Chhabra

SUBMITTED BY: Aman Agrawal Supreet Maheshwari

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 The Government of India set up the IFCI

under IFCI Act in July 1948. is the first It development financial institution in the county to cater to the long-term finance needs of the industrial sectors. he main T objective of IFCI is to making medium & long term credits more readily available for industrial concerns in India.

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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 has also been quite subservient in implementing the number of things that the Government of India planned up to ensure financial benefits into services. IFCI carried out all the responsibilities regarding Government's industrial policy initiatives till the establishment of ICICI in 1956 and IDBI in 1964.
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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.,

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Direct Financing Incidental Activities Promotional Activities

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Rupee loans Sub loans in foreign currency Underwriting of and/or direct subscription to the shares & debentures of public limited companies. Foreign currency loans raised by industries from foreign institutions Rupee loans raised by industries from scheduled banks or state co-operative banks. Guaranteeing of deferred payments for machinery {imported & indigenous}
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IFCI has been authorized by Industrial Finance Corporation (Amendment) Act, 1982 to undertake incidental activities. Undertaking research & surveys for evaluating or dealing with marketing or investments and undertaking & carrying on techno-economic studies. Providing technical & administrative assistance to any industrial concern for the promotion, management or expansion of any industry.
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Merchant Banking operations. The objective of IFCI in this case has been: Fill in the gaps in the industrial infrastructure for promotion & growth of industries. To provide much needed guidance in project identification, formulation, implementation, operation etc., to the new, tiny, small scale and medium scale entrepreneurs. To improve the productivity of human and material resources; a better deal to the weaker, underprivileged sections of the society in line with socio-economic objectives laid down by Government of India.
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Assistance from IFCI single or jointly with other institutions is available for: Setting up of new industrial projects. Expansion of existing units/ diversification into new lines of activity. Renovation / rehabilitation / Modernization of existing units.

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The Industrial Finance Corporation of India had made a wide range of contributions in various sectors in Indian industry. Some of the noteworthy contributions of IFCI include improvement of Indian industry, export promotion, import permutation, development in business, pollution control measures, energy preservation, and rendering direct and indirect employment. There are a number of industrial sectors that have been massively benefited from The Industrial Finance Corporation of India Limited. They are as follows:
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Capital & intermediate goods industry that includes products such as electronics, synthetic plastics, synthetic fibers, and miscellaneous chemicals ervice industries that include hotels and S hospitals onsumer goods industry such as textiles, C paper, and sugar Infrastructure sector which involves power generation and telecom services asic industries involving products such as B cement, iron & steel, fertilizers, basic chemicals
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The economic contributions of The Industrial Finance Corporation of India Limited has been quite large-scale since its establishment. IFCI has sanctioned funds of an amount of Rs. 462 billion to 5707 companies and has paid out Rs. 444 billion in totality. The business entrepreneurs have got immense help from IFCI as well when they started off with any new business or even on their way to expand the already existing business. IFCI has been a great helping hand to the entire industrial sector in India and most importantly it was the only support at the time of scarcity.
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