Financial schemes offered by financial institutions

1. Financial institutions offering financial scheme IDBI(industrial

development bank of India) ICICI(industrial credit & investment corp. of
India) SIDBI(small industrial development bank of India)

2.  IDBI The IDBI was established under the idbi act 1964 as a wholly
owned subsidiary of RBI. The main objective of establishing idbi was t0
set up apex institutions to coordinate the activities of other financial
institute and to act as a reservoir on which the other financial institutions
can draw.

3.  Financial scheme offered by IDBI Project finance scheme-provide the

loans for setting new unit as well as for expansions and modernization of
existing unit. Technology up-gradation scheme-This scheme was
introduced in 1987 for the up-gradating technology in selected capital
goods industries. Venture capital fund scheme-Develop new ventures and
promote risk enterprise by new technology.

4. Operating support scheme-operating support is given by the IDBI to

financial intermediaries such as SIDBI,IFCI,SFC and other leasing co.
Re-finance scheme- provide the re finance for small scale and medium
scale industry

5.  ICICI The world bank was helping the setting up of development banks
in under developed countries. ICICI was the one bank from those banks
and estb. 1955. ICICI provide the various kinds of funds. The primary
purpose for which fund are made available by the corporation is the
purchase of the capital assets such as land building and machinery .

6. Financial offered by ICICI Project finance- This is the most important

activity of the banks. It grant the loan to business concern in the form of
rupees and foreign currency. The rupees project loan for purchasing for
machinery and equipment. Foreign currency-Foreign currency loans are
provide to finance the purchase of imported goods in foreign currency.

7. Technology financing- The ICICI bank provide a wide variety of

financial packages for R&D commercialization of technology. It also
offer packages to relating to pollution control and protection. These
scheme are- SPREAD- sponsored research and development
 programme . ACE- agriculture commercialization enterprise. TEST-
Trade in environment service & technology.

8. SIDBI was established in 1990 as a development bank exclusively for the

small scale industry. It is central govt. undertaking. It aims to empower
the MSME sector with a view to the contributing to the process of
economic growth and employment and generation and balanced regional
development.

9. Scheme offered by SIDBI Loans assistance to NSIC. Loans assistance to

private companies which functional on rental basis or contract basis.
Loan assistance to the institutions providing marketing or market avenue
to the small entrepreneurs. Loan assistance to institutions providing
primary services and infrastructure and developing the growth of centers.