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What are the main resources of the IFCI?

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What are the main resources of the IFCI?

Besides paid up capital and reserves, the other major sources of financial resources of IFCI are issue of bonds and debentures, borrowings, from the IDBI, the government and foreign loans.

What is IFCI explain?

IFCI Ltd (IFCI) was set up as a Statutory Corporation (“The Industrial Finance Corporation of India”) in 1948 for providing medium and long term finance to industry.

What is the management of IFCI?

You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of IFCI Ltd….PREMARKET.

Management
Shakti Kumar General Manager
Suneet Shukla General Manager & Chief Risk Officer
Sunil Kumar Bansal Deputy Managing Director

What are the main features of industrial policy 1977?

Salient Features of Industrial Policy Statement 1977

  • Special Focus on Small−scale Industries.
  • Focus on Labour−intensive Technology.
  • Viability of Public Sector.
  • Focus on Indigenous Technology.
  • Focus on self-sufficiency.
  • Balanced Regional Development.
  • Workers’ Participation.
  • Restrictions on Foreign Investments.
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Which type of credit is provided by IFCI?

IFCI offers financial solutions in areas of corporate finance through Balance Sheet Funding, Loan Against Shares, Lease Rental Discounting, Promoter Funding, Long Term Working Capital requirements, Capital Expenditure and regular Maintenance Capex.

Who is MD of IFCI?

Emandi Sankara Rao (Aug 17, 2017–)
IFCI Ltd/CEO

How did IPR 1956 classify industries?

Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956. It laid down three categories of industries which were more sharply defined. These categories were: Schedule A: those industries which were to be an exclusive responsibility of the state.

What are the main features of industrial policy 1956?

The main features of this Industrial Policy Resolution of 1956 were as follows:

  • New Classification of industries:
  • Assistance to Private Sector:
  • Expanded role of Cottage and Small-Scale Industries:
  • Balanced Industrial Growth among Various Regions:
  • Role of Foreign Capital:
  • Development of managerial and Technical Cadres:
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What is the function of money market?

Money markets serve five functions—to finance trade, finance industry, invest profitably, enhance commercial banks’ self-sufficiency, and lubricate central bank policies.

What are the contribution of IFCI towards entrepreneurship development in India?

The Government of India has placed a Venture Capital Fund of Rs. 200 crore for Scheduled Castes (SC) with IFCI with an aim to promote entrepreneurship among the Scheduled Castes (SC) and to provide concessional finance. IFCI has also committed a contribution of Rs. 50 crore as lead investor and Sponsor of the Fund.

Can I buy IFCI share?

As on 17th Dec 2021 IFCI Share Price closed @ 15.80 and we RECOMMEND Buy for LONG-TERM with Stoploss of 12.28 & Buy for SHORT-TERM with Stoploss of 13.55 we also expect STOCK to react on Following IMPORTANT LEVELS.

Who is Manoj Mittal?

Manoj is a visionary, thought leader and a C-Suite professional with extensive experience of successful entrepreneurship in financial/development sector. He has more than 3 decades of rich experience in driving strategic initiatives and propelling business profitability as well as growth.

What is IFCI and how does it work?

Industrial Finance Corporation of India (IFCI) is actually the first financial institute the government established after independence. The main aim of the incorporation of IFCI was to provide long-term finance to the manufacturing and industrial sector of the country. Let us study more about IFCI.

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What are the functions of Industrial Finance Corporation of India (IFCI)?

Functions of Industrial Finance Corporation of India (IFCI): The Corporation is authorised to perform the following functions: (i) Granting loans and advances to industrial concerns and subscribing to the shares and debentures floated by them;

Will the IFCI grant a loan to a company?

If the above factors have satisfactory results the IFCI will grant the loan. The Industrial Finance Corporation of India can also subscribe to the debentures that these companies issue in the market. The IFCI also provides guarantees to the loans taken by such industrial companies.

When was IFCI converted to a public limited company?

Moreover, with effect from 1st July, 1993, the IFCI has been converted into a public limited company and it is renamed as Industrial Finance Corporation of India Ltd. Essay # 2. Functions of Industrial Finance Corporation of India (IFCI): The Corporation is authorised to perform the following functions: