0
* To Get Sufficient fund for running the company, * To make use of the obtained finance in a efficient manner, * To maximise the profit by minimising the cost, * To provide proper information for decision making, * To enable sufficient fund flow!
FINANCE IS THE LIFE BLOOD OF BUSINESS WHICHEVER IT MAY BE!
Add your answer:
Earn +20 pts
What is the importance of studying finance?
The importance of studying finance can be seen in many ways. One is that you are able to secure different jobs in the financial sector. You can also be able to manage your own finances in a better way.
What is finance and its importance?
The science of the management of money and other assets.. Makes the world go 'round!
Importance of corporation?
A corporation stands as a center for individuals having one common business goal built through legal and lawful processes. It may also contain different companies and organization who wanted to make use of a corporation to share one common goal.
What is functions of ifci?
Information about Industrial Finance Corporation of India Ltd. or IFCI.EstablishmentThe Industrial Finance Corporation of India was established on 1st July, 1948 under the Industrial Finance Corporation Act, 1948 to provide financial assistance (medium and long-term) to large-scale industries all over the country. On 1st July, 1997 the name of Industrial Finance Corporation of India was changed as 'Industrial Finance Corporation of India Limited'.ObjectsThe main object of Industrial Finance Corporation of India Limited is to provide financial assistance to large-scale industrial units particularly at a time when the normal banking accommodation is inadequate and not forthcoming to assist these industrial units. Industrial enterprises, organized on the basis of proprietary or private limited company basis, cannot take loans from this corporation. Only the public limited companies are eligible to take loans from it.FunctionsThe main functions of Industrial Finance Corporation of India Limited are as follows:To grant medium and long-term loans ranging between Rs. 30 lakhs to Rs. 2 crores to large-sized industrial units which are repayable within a period of 25 years.To guarantee loans raised by the industrial units which are repayable within a period of 25 years.To underwrite the issue of stocks, shares, debentures or bonds b industrial units but must dispose of such securities within 7 years.To issue debentures.To accept public deposits up to Rs. 10 crores for a period of five years only.To act as an agent for the Central Government and for the World Bank in respect of loans sanctioned by them to industrial units.To guarantee deferred payments by importers of capital goods, who are able to obtain this concession from foreign manufacturers.Miscellaneous: (i) To provide technical guidance to industrial units as to finance (loans), (ii) To guarantee loans in foreign currency. (iii) To examine utility of loans granted to industrial units, (iv) To guarantee loans raised from scheduled banks and State Co-operative Banks.ManagementThe Industrial Finance Corporation or India is managed by a board of directors consisting of 13 members in all, both nominated and elected. The head of the board of directors is called chairman appointed by the Central Government with the consultation of board of directors for a period of three years only. Besides this board of directors, there is also a central committee consisting of five members in all, including president.
What is the importance of finance?
Finance is an important field because it is concerned with the management of money and other assets. It is a critical aspect of business, as it helps to ensure that businesses have the necessary funds to operate and grow. In addition, finance is important for individuals, as it helps them to plan for their financial future and achieve their financial goals. Finance also plays a role in the broader economy, as it helps to allocate resources efficiently and facilitate trade and commerce. My recommendation: 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐝𝐢𝐠𝐢𝐬𝐭𝐨𝐫𝐞𝟐𝟒.𝐜𝐨𝐦/𝐫𝐞𝐝𝐢𝐫/𝟑𝟕𝟐𝟓𝟕𝟔/𝐌𝐮𝐛𝐚𝐫𝐚𝐤𝐚𝐬/
When was World Finance Corporation created?
World Finance Corporation was created in 1971.
When was War Finance Corporation created?
War Finance Corporation was created in 1918.
When did War Finance Corporation end?
War Finance Corporation ended in 1939.
When did Reconstruction Finance Corporation end?
Reconstruction Finance Corporation ended in 1957.
What is Power Finance Corporation's population?
Power Finance Corporation's population is 330.
What is PetroVietnam Finance Corporation's population?
PetroVietnam Finance Corporation's population is 1,168.
When was Power Finance Corporation created?
Power Finance Corporation was created in 1986-07.
When was Housing Development Finance Corporation created?
Housing Development Finance Corporation was created in 1977.
What is the population of Housing Development Finance Corporation?
The population of Housing Development Finance Corporation is 1,607.
What is International Lease Finance Corporation's population?
International Lease Finance Corporation's population is 170.
When did National Film Finance Corporation end?
National Film Finance Corporation ended in 1985.
What is the symbol for General Finance Corporation in NASDAQ?
The symbol for General Finance Corporation in NASDAQ is: GFN.
