About

IFCI is a public sector Non-Banking Finance Company that provides financial support for the diversified growth of industries across various sectors. It manages six subsidiaries and one associate and has played a pivotal role in setting up various market intermediaries of repute in several niche areas. IFCI has also been designated as a nodal agency for implementing the “Credit Enhancement Guarantee Scheme for Scheduled Castes” by the Ministry of Social Justice and Empowerment, Government of India. Company history and use-cases Established in 1948 as a statutory corporation, IFCI has been providing financial assistance to mega projects like Adani Mundra Ports, GMR Goa International Airport, Salasar Highways, NRSS Transmission, Raichur Power Corporation, and many more. It provides financial support for various projects such as airports, roads, telecom, power, real estate, manufacturing, services sector, and allied industries. IFCI has also been entrusted with a Venture Capital Fund of Rs. 200 crore for Scheduled Castes (SC) to promote entrepreneurship among the SC and provide concessional finance. Industries in which the company operates: IFCI operates in various industries such as airports, roads, telecom, power, real estate, manufacturing, services sector, and allied industries. It has also set up market intermediaries of repute in several niche areas like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutes across the country.