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(i) To provide loans for a period not exceeding 20 years to industrial units. (ii) To underwrite the issue of shares, debentures and bonds for a period not exceeding 20 years of industrial units. (iii) To give guarantee to loans taken by industrial units for a period not exceeding 20 years. (iv) to make payment of capital goods purchased in India by these industrial units. (v) To subscribe to the share capital of the industrial units, in case they wish to raise additional capital. (vi) To do all such acts as may be incidental of its duties under this Act.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoState financial corporations provide to certain enterprises. Examples of state financial corporations are the Gujarat State Financial Corporation, the Kerala Financial Corporation, and the Maharashtra State Financial Corporation.
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