What are the objectives and functions of state financial corporations?
1. The main function is to provide non-term loans for the acquisition of land, building, plant, machinery and other movable assets.
2. To finance expansion, modernization and upgradation of technology in the existing units.
3. To assist for the promotion of industry by the rural and urban artisans.
4. Providing seed capital assistance under the scheme of Industrial Development Bank of India.

Select the correct answer using the code given below:

Question

What are the objectives and functions of state financial corporations?
1. The main function is to provide non-term loans for the acquisition of land, building, plant, machinery and other movable assets.
2. To finance expansion, modernization and upgradation of technology in the existing units.
3. To assist for the promotion of industry by the rural and urban artisans.
4. Providing seed capital assistance under the scheme of Industrial Development Bank of India.

Select the correct answer using the code given below:

Accepted Answer

(d) 1, 3 and 4 only

Answer

1, 2 and 3 only

Answer

2, 3 and 4 only

Answer

1, 2 and 4 only

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