May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Part VII: Financial Systems
Apart from several all India level institutions, there are 18 state
level fi nancial institutions. The main aim of State Financial Cor-
porations (SFCs) is to provide fi nance to medium- and small-scale
industries and other enterprises within the respective state and
which are outside the purview of the IFCI. The SFCs function as
regional development banks in respective states. In most of the
states, SFCs provide concessional fi nance to small-scale indus-
tries on behalf of the state governments. The SFCs face several
problems and diffi culties in practice. More often, they fi nd it dif-
fi cult to evaluate the ...
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