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- Industrial_Finance_Corporation_of_India abstract "At the time of independence in 1947, India's capital market was relatively underdeveloped. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent. And commercial banks were not equipped to provide long-term industrial finance in any significant manner.It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.This arrangement continued until the 1990s when it was recognized that there was need for greater flexibility to respond to the changing financial system. It was also felt that IFCI should directly access the capital markets for its funds needs. It is with this objective the constitution of IFCI was changed in 1993 from a statutory corporation to a company under the Indian Companies Act, 1956. Subsequently the name of the company was also changed to 'IFCI Limited ' with effect from October 1999.IFCI has fulfilled its original mandate as a DFI by providing long term financial support to all segments of Indian Industry. It has also been chiefly instrumental in translating the government's development priorities into reality. Until the establishment of ICICI in 1956, IFCI remained solely responsible for implementation of the government's industrial policy initiatives. Its contribution to the modernization of Indian Industry, export promotion, import substitution, entrepreneurship development, pollution control, energy conservation and generation of both direct and indirect employment is noteworthy.".
- Industrial_Finance_Corporation_of_India wikiPageID "31721335".
- Industrial_Finance_Corporation_of_India wikiPageRevisionID "598219484".
- Industrial_Finance_Corporation_of_India hasPhotoCollection Industrial_Finance_Corporation_of_India.
- Industrial_Finance_Corporation_of_India subject Category:Financial_institutions_of_India.
- Industrial_Finance_Corporation_of_India type Abstraction100002137.
- Industrial_Finance_Corporation_of_India type Company108058098.
- Industrial_Finance_Corporation_of_India type FinancialInstitution108054721.
- Industrial_Finance_Corporation_of_India type FinancialInstitutions.
- Industrial_Finance_Corporation_of_India type FinancialServicesCompaniesOfIndia.
- Industrial_Finance_Corporation_of_India type Group100031264.
- Industrial_Finance_Corporation_of_India type Institution108053576.
- Industrial_Finance_Corporation_of_India type Organization108008335.
- Industrial_Finance_Corporation_of_India type SocialGroup107950920.
- Industrial_Finance_Corporation_of_India type YagoLegalActor.
- Industrial_Finance_Corporation_of_India type YagoLegalActorGeo.
- Industrial_Finance_Corporation_of_India type YagoPermanentlyLocatedEntity.
- Industrial_Finance_Corporation_of_India comment "At the time of independence in 1947, India's capital market was relatively underdeveloped. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent.".
- Industrial_Finance_Corporation_of_India label "Industrial Finance Corporation of India".
- Industrial_Finance_Corporation_of_India sameAs m.0gjf37d.
- Industrial_Finance_Corporation_of_India sameAs Q6027626.
- Industrial_Finance_Corporation_of_India sameAs Q6027626.
- Industrial_Finance_Corporation_of_India sameAs Industrial_Finance_Corporation_of_India.
- Industrial_Finance_Corporation_of_India wasDerivedFrom Industrial_Finance_Corporation_of_India?oldid=598219484.
- Industrial_Finance_Corporation_of_India isPrimaryTopicOf Industrial_Finance_Corporation_of_India.