IFCI

Definition	:	Industrial Finance Corporation of India
Category	:	Business » Banking
Country/Region	:	India
Popularity	:

What does IFCI mean?

The Industrial Finance Corporation of India (IFCI) was established on 1st July, 1948, as the first Development Financial Institution in the country under the Industrial Finance Corporation Act, 1948 to provide financial assistance (medium and long-term) to large-scale industries all over the country. Later the name of Industrial Finance Corporation of India was changed as “Industrial Finance Corporation of India Limited”.