IFCI Ltd, previously known as the Industrial Finance Corporation of India, is a prominent development finance institution under the ownership of the Ministry of Finance, Government of India. Established in 1948 as a statutory corporation, IFCI has played a crucial role in the industrial development of the country. 

 The company also offers government advisory services and corporate advisory services, including financial, ESG, and project advisory services. The Government of India has also placed a Venture Capital Fund of Rs. 200 crore with IFCI to promote entrepreneurship among Scheduled Castes (SC) and provide concessional finance. 

Furthermore, IFCI has been designated as a nodal agency for the “Credit Enhancement Guarantee Scheme for Scheduled Castes” by the Ministry of Social Justice and Empowerment, Government of India.  IFCI’s extensive experience and strategic initiatives continue to contribute significantly to India’s industrial and economic growth.