Financial Assistance Institutions • Commercial Banks Industrial Development Bank of India (IDBI) Industrial Finance Corporation of India (IFCI) Industrial Credit and Investment Corporation of India (ICICI) • • • • Industrial Reconstruction Bank of India(IRBI) Unit Trust of India (UTI) State Financial Corporations(SFCs) Small Industries Development Bank of India (SIDBI) State Industrial Development Corporations (SIDCs) Export-Import Bank of India (EXIM Bank) Entrepreneurship Management • • • • • .

067 SCB branches and 56. .5% were in rural areas.Commercial Banks Scheduled Commercial Banks (SCBs) 288 -SBI and its associates banks (8) -Nationalized banks (19) -Private sector banks (32) -Regional Rural banks RRBs (196) and -Foreign banks(23) In 1995-62.

sugar) Service industries (hotels. fertilizers. synthetic fibers. synthetic. IFCI remained solely responsible for implementation of the government’s industrial policy initiatives Some sectors that have directly benefited from IFCI’s disbursals include: Consumer goods industry (textiles. basic chemicals. miscellaneous chemicals) ◦ Infrastructure (power generation. hospitals) Basic industries (iron & steel. 1948 to cater to the long-term finance needs of the industrial sector Until the establishment of ICICI in 1956 and IDBI in 1964. plastics. cement) Capital & intermediate goods industries (electronics. Established on July 1. telecom services) ◦ ◦ ◦ ◦    IFCI has sanctioned financial assistance of Rs 462 billion to 5707 concerns IFCI has promoted Technical Consultancy Organizations (TCOs) Entrepreneurship Management  . paper.

 Incorporated in 1955 at the initiative of the World Bank. ICICI Venture. ICICI Prudential Life Insurance Company. bonds. stocks ◦ Provision of loans in foreign currency to pay for imported equipment    Entrepreneurship Management . ICICI Lombard General Insurance Company Limited Activities: ◦ Underwriting of shares. ICICI Securities Limited (i-SEC). the Government of India and representatives of Indian industry Objective of creating a development financial institution for providing medium-term and long-term project financing ICICI Bank.

(NSDL). financial institutions Entrepreneurship Management . renovation Assist financial institution by subscription to shares. bonds Direct financing of exports Refinancing industrial loans granted by banks.  Incorporated in 1964 National Stock Exchange of India (NSE). National Securities Depository Services Ltd. Stock Holding Corporation of India (SHCIL) are built by IDBI  Services offered: ◦ ◦ ◦ ◦ ◦ ◦ Loans against securities Underwriting Loans for modernisation.

IRBI had diversified its activities into ancillary lines such as consultancy services. expansion .Industrial Reconstruction Bank of India(IRBI) Set up in April 1971under Companies Act Focus is on Sick unit and speedy reconstruction and rehabilitation. Merchant banking and equipment leasing. diversification. 1994-95 IRBI had sanctioned Rs. .778 cr for form of term loans for modernization. Renovations.

677 cr in 1994-95.Unit Trust of India (UTI) Esbd. . Overall assistance sanctioned to corporate sector stood at Rs.. Mobilizes saving of small investors through sale of units and channelizes them into corporate investments.7. Primary equity fund. Unit scheme etc. It launched several new schemes like retirement benefit plan. under act of Parliament in 1964.

The first SFC was set up in Sep-1951 in Punjab Now every state and UT has a SFC State Financial Corporations(SFCs) The main functions are -Providing long term finance to small and medium sized proprietorship. partnership. .2760 crores. Total assistance sanctioned by SFCs during 1994-95 was Rs. bonds and debentures. -Undertakes issues of shares. -Grants loans and advances repayable not exceeding 20 years. private & pubic concern.

12068 respectively . SIDBI has taken over outstanding of IDBI relating to SSI worth Rs.Small Industries Development Bank of India (SIDBI) It was set up under special Act of Parliament in 1989 as a wholly owned subsidiary of IDBI. Important functions are. Up to March 1995.4000 cr. -Initiates steps for technological upgradations and modernization of existing units -To expand the channels for marketing the products of SSI -To promote employment oriented industries especially in semi-urban areas.16216cr and Rs. cumulative financial assistance sanctioned and disbursed by SIDBI aggregated Rs.

. EDPs. conducting industrial potential survey.1511crs. direct subscription of shares/debentures -Other promotional activities like preparation of feasibility report. There are 28 SIDCs in the country. Developing Industrial Estate.State Industrial Development Corporations (SIDCs) SIDCs were set up early 70s under Companies Act. Aggregate to assistance sanctioned by all SIDCs during 199495 amounted Rs. 1956 as wholly-owned State Government Undertakings The main functions are -Assistance in the form of term loan.

Providing advance information and business advisory services.Export-Import Bank of India (EXIM Bank) Set up in Jan 1981 of IDBIs International Fin wings.Providing technical and administrative assistance to the exporters .Provide finance for Joint venture of the country . Main functions are. -Financing of export and import of goods and services both of India and outside India . .Offering buyers credit to foreign banks .Undertaking merchant banking services .

Insurance Companies LIC United India Insurance Oriental Insurance .

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