29-01-2013, 04:19 PM
Council Of State Industrial Development and Investment Corporations Of India
Council Of State Industrial Development.pptx (Size: 58.18 KB / Downloads: 21)
PROFILE
Established in 1976 as a Society under the Societies Registration Act, 1860.
National federation of state level financial and investment corporations comprising State Financial Corporations (SFCs), State Industrial Development Corporations (SIDCs) and State Infrastructure Development Corporations.
Engaged in promotion, development and financing of industry in small, medium and large sectors , besides developing industrial infrastructural facilities like industrial estates, industrial parks, industrial townships, etc
OBJECTIVE
The main objective of this national federation is to act as a clearing house for sharing of experiences by member corporation across states, disseminating information of common interest among them and to provide them with a common platform to the state level corporations for ventilating their problems and grievances to the Government and all India financial institutions and serve as a mouth-piece of this sector for influencing the policies of the Government/financial institutions having bearing on the development of this sector.
Facilities and incentives available for setting up industries in the States
In each state a State Financial Corporation and a State Industrial Development Corporation have been functioning for more than four decades. Operating at the grass root level, these development finance institutions have played a significant role in developing industries in the states with particular emphasis on development of backward regions. These corporations have played a crucial role in the promotion of first generation entrepreneurs. They have recorded an impressive performance in providing financial assistance for promotion and development of small scale, medium scale and large scale industries in their respective states. As on 31st March, 1999, their cumulative sanctions and disbursements aggregated Rs. 44,704.6 crores and Rs.34,988.6 crores forming 10.5% and 12% of the total sanctions and disbursements made by all financial institutions in the country respectively. Besides, the SIDCs