Discuss the sources from which a large industrial enterprise can raise capital for financing its modernization and expansion.

Dear student,

The Central and State Government has created many financial institutions from where a large industrial enterprise can raise capital for financing its modernization and expansion. Some of these financial institutions are:

1. Industrial Development Bank of India: It was established with an objective to coordinate the activities of financial institutions including commercial banks. 

2. Unit trust of India: UTI objective is to mobilise community savings and channelise them into productive purpose.

3. Life Insurance Corporation of India: LIC mobilises the community savings in the form of premia and make it available to industrial concern.

4. Industrial Investment Bank of India: It assist sick units in reorganisation of their share capital, improvement in management system.

Regards

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