2. INTRODUCTION
IFCI was set-up in 1948 under
IFCI act
» IFCI was converted into a public
limited company in the year 1993
» Government holds 55.53% of shares
in the company
» IFCI was the first development
institution established after the
independence
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3. » Primary objective is to
provide medium and
long – term financial
assistance to the
industries
OBJECTIVE
» To finance particularly
when ordinary banks
accommodation does
not suit the
undertaking
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4. » To offer diversified
services like broking,
venture capital,
financial advisory,
depository services
etc…
OBJECTIVE
» To finance the
undertaking when it
fails to raise profitable
funds through issue of
shares of shares
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5. ORAGANISATION AND
MANAGEMENT
» Head office is located at New Delhi
» Established regional office in Mumbai, Kolkata,
Chennai, Hyderabad etc….
» Branch office in Bengaluru, Pune, Jaipur etc…
» IFCI is managed by a Board of Directors , headed
by a Chairman
» The Chairman is appointed by Government of India
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6. BOARD OF
DIRECTORS
6
12 directors in
the board
4 nominated
by IDBI
3 are experts
in particular
field
General
manager of
IDBI
8 directors
7. FUNCTIONS OF IFCI
» Granting
loans and
advances to
industrial
sector
» Underwriting
the issue of
shares,
bonds etc.
» Guaranteeing
deferred
payments
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» Granting of
loans both in
rupees and
foreign
currencies
» Guaranteeing
loans raised
by
the industrial
concerns