Question

Specify the functions of IFCI.

Answer 1

• Long–term loans; both in rupees and foreign currencies.
• Underwriting of equity, preference, and debenture issues.
• Subscribing to equity, preference, and debenture issues.
• Guaranteeing the deferred payments in respect of machinery imported from abroad or purchased in India; and
• Guaranteeing of loans raised in foreign currency from foreign financial institutions.