Q69
Indian EconomyMoney, Banking & Financial Institutions
Industrial credit is available from
- a.IDBI
- b.IFCI
- c.SFCS
- d.All of the above
Answer: (D) All of the above
All three institutions provide industrial credit: IDBI (Industrial Development Bank of India) finances industrial enterprises and promotes development institutions; IFCI (Industrial Finance Corporation of India) provides medium and long-term loans to manufacturing concerns; SFCs (State Financial Corporations) provide similar financial assistance at the state level.