INDUSTRIAL FINANCE

IFCI Limited

Industrial Finance Corporation of India (IFCI) was established in 1948, by the Central Government as the first Development Financial Institution in the country to provide medium and long-term financial assistance to the industrial sector. In the year 1993, IFCI was incorporated as a limited company and was renamed as IFCI Ltd through repeal of the Industrial Finance Corporation Act. IFCI is also a Public Financial Institution under Section 4A of the Companies Act, 1956. It is also considered as systemically important non banking financial company as per the Reserve Bank of India Act, 1949.

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IFCI Infrastructure Development Limited

Industrial Finance Corporation of India (IFCI) was established in 1948, by the Central Government as the first Development Financial Institution in the country to provide medium and long-term financial assistance to the industrial sector. IFCI was incorporated as a limited company in the year 1993 and was renamed as IFCI Limited through repeal of the Industrial Finance Corporation Act. The company is essentially involved in project financing but also provides other financial, leasing, and merchant banking services. IFCI provides medium term and long-term financial support to all segments of the Indian industry.

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