Industrial Finance Corporation Limited IFCI

IFCI Ltd. was set up in 1948 as Industrial Finance Corporation of India, a Statutory Corporation, through `The Industrial Finance Corporation of India Act, 1948’ of Parliament to provide medium and long term finance to industry. After repeal of this Act in 1993, IFCI became a Public Limited Company registered under the Companies Act, 1956. IFCI became a Government controlled company subsequent to enhancement of equity shareholding to 55.53% by Government of India on December 21, 2012. In April, 2015, Government of India has acquired six crore Preference Shares of IFCI Ltd. of Rs.10/- each from six public sector banks.  IFCI is also a Systemically Important Non-Deposit taking Non-Banking Finance. 
Its main products are:

• Term Loans
• Corporate Loans
• Short Term Loans (up to 1 year)
• Loan against Shares
• Loans to NBFC's