The correct answer is D. All of the above.
IFCI is a development financial institution (DFI) in India. It was established in 1955 as the Industrial Finance Corporation of India. IFCI is the first DFI in India and is the largest DFI in the country. IFCI is a wholly-owned subsidiary of the Government of India.
IFCI provides financial assistance to industrial enterprises in India. It provides loans, guarantees, and equity participation to industrial enterprises. IFCI also provides advisory services to
industrial enterprises.IFCI has a wide range of products and services. It provides long-term loans, medium-term loans, short-term loans, and working capital loans. IFCI also provides guarantees, equity participation, and advisory services.
IFCI has a network of offices in India and abroad. It has offices in all major cities in India and in several countries abroad.
IFCI is a member of the International Finance Corporation (IFC) and the Asian Development Bank (ADB). IFCI is also a member of the Association of Development Finance Institutions in Asia and the Pacific (ADFIAP).
IFCI has a strong track record of providing financial assistance to industrial enterprises in India. It has helped to promote industrial development in India and has contributed to the growth of the Indian economy.
Here is a brief explanation of each option:
- Option A: IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks are the shareholders of IFCI.
IFCI is a public limited company. The Government of India is the largest shareholder of IFCI. Other shareholders of IFCI include IDBI, Scheduled banks, insurance companies, investment trusts and co-operative banks.
- Option B: IFCI is authorized to issue bonds and debentures in the open market, to borrow foreign currency from the World Bank and other organizations, accept deposits from the public and also borrow from the RBI.
IFCI is a financial institution that is authorized to issue bonds and debentures in the open market. It is also authorized to borrow foreign currency from the World Bank and other organizations. IFCI is also authorized to accept deposits from the public and to borrow from the RBI.
- Option C: IFCI provides Soft Loan Assistance, Entrepreneur Development Programme, Industrial Development in Backward Area stypes of aids to industry.
IFCI provides a variety of financial assistance to industrial enterprises in India. It provides soft loan assistance, entrepreneur development programme, industrial development in backward areas, and other types of aids to industry.
- Option D: All of the above.
All of the options are correct. IFCI is a development financial institution that provides financial assistance to industrial enterprises in India. It has a wide range of products and services and has a strong track record of providing financial assistance to industrial enterprises in India.