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Presentation On Ifci

The Industrial Finance Corporation of India (IFCI) was established in 1948 as India's first development bank and financial institution after independence. Its main purpose was to provide long-term financing to support India's manufacturing and industrial sectors. IFCI continues to provide medium and long-term loans, subscribe to debentures, and offer guarantees to help industrial companies meet their financial needs. It has played a significant role in developing the Indian economy through promoting sectors like agriculture, services, basic industries, and capital goods.

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194 views9 pages

Presentation On Ifci

The Industrial Finance Corporation of India (IFCI) was established in 1948 as India's first development bank and financial institution after independence. Its main purpose was to provide long-term financing to support India's manufacturing and industrial sectors. IFCI continues to provide medium and long-term loans, subscribe to debentures, and offer guarantees to help industrial companies meet their financial needs. It has played a significant role in developing the Indian economy through promoting sectors like agriculture, services, basic industries, and capital goods.

Uploaded by

Sumit
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PRESENTATION ON IFCI

BY
BABAR
GOPAL
JYOTI RANJAN
INDUSTRIAL FINANCE CORPORATION
OF INDIA

FIRST DEVELOPMENT
BANK
DEVELOPMENT BANK IN INDIA

 IFCI
 IDBI
 ICICI
 SIDBI
 NABARD
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.
Initially established in 1948, the Industrial Finance Corporation of
India was converted into a public company on 1 July 1993 and is now
known as Industrial Finance Corporation of India Ltd. The main aim
of setting up this development bank was to provide assistance to the
industrial sector to meet their medium and long term financial need.
 The IDBI, scheduled banks, insurance sector, co-op banks are some of the major
stakeholders of the IFCI. The authorized capital of the IFCI is 250 crores and the Central
Government canincrease this as and when they wish todo so.
MANAGEMENT OF IFCI

 CEO & MD - SHRI MANOJ MITTAL


 EXECUTIVE DIRECTOR- Dr. BHUSHAN KUMAR SINHA
FUNCTION OF IFCI

 First, the main function of the IFCI is to provide medium and long-term loans and
advances to industrial and manufacturing concerns.
 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.
 The function of IFCI is also to support the bonds
 The IFCI also promotes industrialization, and while promoting it, the IFICI promotes its
own three subsidiaries, which are I-Fin, IFIC Insurance Service Ltd and lastly the IFCI
Financial Services Ltd.
IFCI as a Business Facilitator

 In the last few decades, the Industrial Finance Corporation of India has made a
significant contribution to the development of our economy. Also, it is responsible for the
growth, expansion, and modernization of our industrial sector.The Industrial Finance
Corporation of India has also been beneficial for the import and export industry, the
cause of pollution control, energy conservation, import substitution, and many such
initiatives and industries . Some sectors, in particular, have seen a lot of benefits. Some
of these are
 Agricultural Based Industries like paper, sugar, rubber, etc.
 Service Industries like restaurants, hospitals, hotels, etc.
 Basic industries in any economy like steel, cement. Chemicals etc.
 Capital and goods industries like electronics, fibers, telecom services, etc.

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