Beruflich Dokumente
Kultur Dokumente
The corporation was set up with the authorized capital of Rs. 1 crore out of
which Rs. 10 lakhs have been issued and paid up by the government which was
increased to 50 lakhs by the end of March 1963. It can also borrow from the
government. It is also empowered to issue shares and debentures to enlarge its
financial base.
(ii) The SFCs provide financial assistance to industrial units whose paid-up
capital and reserves do not exceed Rs. 3 crore (or such higher limit up to Rs. 30
crore as may be specified by the central government).
(iii) The SFCs underwrite new stocks, shares, debentures etc., of industrial
concerns.
(iv) The SFCs provide guarantee loans raised in the capital market by scheduled
banks, industrial concerns, and state co-operative banks to be repayable within
20 years.
Over a period of six decades of transition, growth and development, the NSIC
has proved its strength within the country and abroad by promoting
modernization, up gradation of technology, quality consciousness, strengthening
linkages with large and medium enterprises and enhancing export projects and
products from small-scale enterprises.
2. To expand the channels for marketing the products of SSI sector in domestic
and international markets.