What Are The Functions Of The Sfc?
All types of industrial concerns can get accommodation from SFCs and in this sense the scope of activities of state corporations is wider than that of (IFCI). SFCs can: • Guarantee loans raised by industrial concerns which are repayable within a period not exceeding 20 years and which are floated in the market. • Underwrite the issue of stocks, shares, bonds pr debentures of industrial concerns; • Grant loans or advances to industrial concerns repayable within a period not exceeding 20 year; and • Subscribe to debenture floated by industrial concerns.
