1.5 State Financial Corporation (SFC’s)
The State Finance Corporations (SFCs) are the major component of financial institutional structure in the country. SFC provides financial assistance to small and medium industries of the states. SFC’s are plays significant role in establishing balanced regional development, higher investment, more employment generation and broad ownership of industries.
Objectives of State Financial Corporation
• To set up consistency in local commercial ventures.
• To give motivation to new commercial enterprises.
• To acquire productivity territorial modern units.
• To give fund to tiny, medium scale and cottage commercial enterprises in the state.
• To create local money related assets.
Functions of State Financial Corporation
• The SFCs provides loans mainly for acquisition of fixed assets like building, land, plant and machinery.
• The SFCs give money related help to modern units whose paid-up capital and stores don't surpass Rs .3 crore.
• The SFCs endorse new stocks, offers, debentures and so forth, of industrial concerns.
• The SFCs give ensure advances brought up in the capital business sector by booked banks, mechanical concerns, and state co-agent banks to be repayable inside 20 years.
1.6 Competitors of SFC’s
The local financial institutions which provides …show more content…
The accessibility of the raw materials, power, sanitary and sewerage services, transportation facility, skilled labor, engineering facilities, maintenance, people etc. is include in Technical feasibility This feasibility analysis is very important since its importance lies in planning the exercises, documentation process, and risk minimization process and to get approval of the project. All the above factors should be properly considered by appraising officer for their viability for the project considered before granting loan to the concerned
The State Finance Corporations (SFCs) are the major component of financial institutional structure in the country. SFC provides financial assistance to small and medium industries of the states. SFC’s are plays significant role in establishing balanced regional development, higher investment, more employment generation and broad ownership of industries.
Objectives of State Financial Corporation
• To set up consistency in local commercial ventures.
• To give motivation to new commercial enterprises.
• To acquire productivity territorial modern units.
• To give fund to tiny, medium scale and cottage commercial enterprises in the state.
• To create local money related assets.
Functions of State Financial Corporation
• The SFCs provides loans mainly for acquisition of fixed assets like building, land, plant and machinery.
• The SFCs give money related help to modern units whose paid-up capital and stores don't surpass Rs .3 crore.
• The SFCs endorse new stocks, offers, debentures and so forth, of industrial concerns.
• The SFCs give ensure advances brought up in the capital business sector by booked banks, mechanical concerns, and state co-agent banks to be repayable inside 20 years.
1.6 Competitors of SFC’s
The local financial institutions which provides …show more content…
The accessibility of the raw materials, power, sanitary and sewerage services, transportation facility, skilled labor, engineering facilities, maintenance, people etc. is include in Technical feasibility This feasibility analysis is very important since its importance lies in planning the exercises, documentation process, and risk minimization process and to get approval of the project. All the above factors should be properly considered by appraising officer for their viability for the project considered before granting loan to the concerned