Institutional financing has gained importance in recent years Collect detailed information about various financial institutions that provide financial assistance - Business Studies - Sources of Business Finance

Question

Institutional financing has gained importance in recent years
Collect detailed information about various financial institutions
that provide financial assistance to Indian companies

Manisha Nayyar · Accepted Answer

The following are some of the institutions that provide
assistance to Indian companies

a Unit trust of India
(UTI): This was established in the year 1964 under
the Unit trust of India Act, 1963 with the objective of
mobilising
community's saving and utilising them to finance profitable
ventures

b Industrial credit and investment
corporation of India(ICICI): ICICI was established as
a public limited company in the year 1955 The main objective of
this bank was to facilitate the creation, modernisation and
expansion of enterprises in the private sector

c Industrial finance corporation of
India (IFCI): It was established in the year 1948
under the Industrial Finance Corporation Act, 1948 with the
objective of assisting regional development and to encourage new
entrepreneurs to enter the priority sectors of the economy

Institutional financing has gained importance in recent years. Collect detailed information about various financial institutions that provide financial assistance to Indian companies.