What Are Functions Of Ifci?
The corporation performs three important functions; • It grants loans and advances to industrial concerns. It grants both rupee loans and foreign currency loans. • It guarantees loans raised by the industrial concerns in the market. • It underwrites the issue of stocks, shares, bonds, debentures of industrial concerns provided such stocks, shares etc., are disposed of by the corporation within a period of seven years from the time of acquisition. It also subscribes to the equity and preference shares and debentures of companies. In recent years, IFCI assists industrial units under the equipment leasing scheme.
