Entrepreneurship Management Institutional Assistance to SSI Industrial Finance Corporation of India (IFCI) Industrial Credit and Investment Corporation

on of India (ICICI) Industrial Development Bank of India (IDBI) Maharas htra State Financial Corporation (MSFC) State Industrial and Investment Corporat ion of Maharashtra Limited (SIICOM) Maharashtra Small scale Industries Developme nt Corporation Ltd (MSSIDC) National Small Industries Corporation (NSIC) Distric t Industrial Centres (DIC) Technical Consultancy Organisations (TCO)

Entrepreneurship Management Industrial Finance Corporation of India (IFCI) Established on July 1, 1948 to cater to the long-term finance needs of the indus trial sector Until the establishment of ICICI in 1956 and IDBI in 1964, IFCI rem ained solely responsible for implementation of the governments industrial policy initiatives Some sectors that have directly benefited from IFCIs disbursals inclu de: Consumer goods industry (textiles, paper, sugar) Service industries (hotels, hos pitals) Basic industries (iron & steel, fertilizers, basic chemicals, cement) Ca pital & intermediate goods industries (electronics, synthetic fibers, synthetic, plastics, miscellaneous chemicals) Infrastructure (power generation, telecom se rvices) IFCI has sanctioned financial assistance of Rs 462 billion to 5707 concerns IFCI has promoted Technical Consultancy Organizations (TCOs)

Entrepreneurship Management Industrial Credit and Investment Corporation of India (ICICI) Incorporated in 1955 at the initiative of the World Bank, the Government of Indi a and representatives of Indian industry Objective of creating a development fin ancial institution for providing medium-term and long-term project financing ICI CI Bank, ICICI Venture, ICICI Securities Limited (i-SEC), ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company Limited Activities: Underwriting of shares, bonds, stocks Provision of loans in foreign currency to pay for imported equipment

Entrepreneurship Management Industrial Development Bank of India (IDBI) Incorporated in 1964 National Stock Exchange of India (NSE), National Securities Depository Services Ltd. (NSDL), Stock Holding Corporation of India (SHCIL) are built by IDBI Services offered: Loans against securities Underwriting Loans for modernisation, renovation Assist financial institution by subscription to shares, bonds Direct financing of expo rts Refinancing industrial loans granted by banks, financial institutions

Entrepreneurship Management Maharashtra State Financial Corporation (MSFC) Established in 1953 as Bombay State Finance Corporation Operational in Maharasht ra since 1962 Provides term loan assistance to Small and Medium scale industries Activities: Major share in small scale units Encouragement to first generation entrepreneurs Dispersal of industries/service units to the backward and developing areas Tota l sanction: Rs. 3688 crores including term loans of Rs. 3414 crores

Entrepreneurship Management State Industrial and Investment Corporation of Maharashtra Limited (SIICOM) Established in 1966, 100% state owned company Objective of industrialising the b ackward areas of the State of Maharashtra Extended long term finance of more tha n Rs. 4,000 crores to over 3,000 units Activities include advising on: Project Identification/Location Govt. Clearances Assistance in Legal Documentati on Arranging for infrastructure Merchant Banking Equipment Leasing

Maharashtra Small scale Industries Development corporation Limited (MSSIDC) Established in 1962 Entrepreneurship Management Initially, conceived as an agency for supply of raw materials to SSI units and a lso to extend marketing assistance to these units in selling their products Prov ides services like Marketing Assistance, Raw Materials availability, Commercial warehousing, Exports (making export quota available, assistance in packing credi t, documentation, shipping etc) and Handicrafts MSSIDC started with a share capi tal of Rs. 10 lakhs in 1963-64 and its turnover was Rs.86.57 lakhs Today, paid u p capital is 9.13 crores

Entrepreneurship Management National Small Industries Corporation (NSIC) Establishment in 1955 Services include: Marketing support (Exhibitions and Technology Fairs, Buyerseller meets, export o f products) Credit support (Financing for procurement of Raw Material, financing for marketing activities) Technology support (Advising on application of new te chniques, material testing facilities, common facility support, classroom and pr actical training for skill up gradation) Small Enterprise Establishment Programm e (SEEP) Insurance of Export Credit for Micro and Small Enterprises

Entrepreneurship Management

District Industrial Centres (DIC) Objective - provide a focal point for the promotion of SSI, provide service and support to the decentralized industries under a single roof at pre investment, i nvestment and post investment stage Initiated from 1st May 1978 Main activities/ functions of the Public authority: Registration of SSI Census of SSI Financing of SSI through banks Provisio dustrial estates Implementation of Industrial Policy Subsidies to SSI Technical assistance Matters relating to KVIC Trade fairs, exhibition, awareness programme Training

Entrepreneurship Management Technical Consultancy Organisations (TCO) Set up by IDBI, IFCI and ICICI, state level financial institutions and commercia l banks Services: Consultants to individual entrepreneurs, government agencies, commercial banks i n task of industrial development Project Consultancy (Identify industrial potent ial through research, feasibility reports, pre investment studies, providing ass istance to potential entrepreneurs) Management consultancy (Project supervision, technical and administrative assistance, rehabilitation of sick units) Market c onsultancy ( Market research and surveys for specific products) Export consultan cy (Assistance to export oriented projects for modern technology)