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Entrepreneurship Management

Institutional Assistance to SSI


• Industrial Finance Corporation of India (IFCI)

• Industrial Credit and Investment Corporation of India (ICICI)

• Industrial Development Bank of India (IDBI)

• Maharashtra State Financial Corporation (MSFC)

• State Industrial and Investment Corporation of Maharashtra Limited


(SIICOM)

• Maharashtra Small scale Industries Development Corporation Ltd


(MSSIDC)

• National Small Industries Corporation (NSIC)

• District Industrial Centres (DIC)

• Technical Consultancy Organisations (TCO)


Entrepreneurship Management

Industrial Finance Corporation of India


(IFCI)
• Established on July 1, 1948 to cater to the long-term finance needs
of the industrial sector

• Until the establishment of ICICI in 1956 and IDBI in 1964, IFCI


remained solely responsible for implementation of the
government’s industrial policy initiatives

• Some sectors that have directly benefited from IFCI’s disbursals


include:

– Consumer goods industry (textiles, paper, sugar)


– Service industries (hotels, hospitals)
– Basic industries (iron & steel, fertilizers, basic chemicals, cement)
– Capital & intermediate goods industries (electronics, synthetic fibers,
synthetic, plastics, miscellaneous chemicals)
– Infrastructure (power generation, telecom services)

• IFCI has sanctioned financial assistance of Rs 462 billion to 5707


concerns

• IFCI has promoted Technical Consultancy Organizations (TCOs)


Entrepreneurship Management

Industrial Credit and Investment


Corporation of India (ICICI)
• Incorporated in 1955 at the initiative of the World Bank, the
Government of India and representatives of Indian industry

• Objective of creating a development financial institution for


providing medium-term and long-term project financing

• ICICI Bank, ICICI Venture, ICICI Securities Limited (i-SEC), ICICI


Prudential Life Insurance Company, ICICI Lombard General
Insurance Company Limited

• Activities:

– Underwriting of shares, bonds, stocks


– Provision of loans in foreign currency to pay for imported
equipment
Entrepreneurship Management

Industrial Development Bank of India


(IDBI)
• Incorporated in 1964

• National Stock Exchange of India (NSE), National Securities


Depository Services Ltd. (NSDL), Stock Holding Corporation of
India (SHCIL) are built by IDBI

• Services offered:

– Loans against securities


– Underwriting
– Loans for modernisation, renovation
– Assist financial institution by subscription to shares, bonds
– Direct financing of exports
– Refinancing industrial loans granted by banks, financial
institutions
Entrepreneurship Management

Maharashtra State Financial


Corporation (MSFC)
• Established in 1953 as Bombay State Finance Corporation

• Operational in Maharashtra since 1962

• Provides term loan assistance to Small and Medium scale


industries

• Activities:

– Major share in small scale units


– Encouragement to first generation entrepreneurs
– Dispersal of industries/service units to the backward and
developing areas
– Total sanction: Rs. 3688 crores including term loans of Rs. 3414
crores
Entrepreneurship Management

State Industrial and Investment


Corporation of Maharashtra Limited
(SIICOM)
• Established in 1966, 100% state owned company

• Objective of industrialising the backward areas of the State of


Maharashtra

• Extended long term finance of more than Rs. 4,000 crores to over
3,000 units

• Activities include advising on:

– Project Identification/Location
– Govt. Clearances
– Assistance in Legal Documentation
– Arranging for infrastructure
– Merchant Banking
– Equipment Leasing
Entrepreneurship Management

Maharashtra Small scale Industries


Development corporation Limited
(MSSIDC)
• Established in 1962

• Initially, conceived as an agency for supply of raw materials to


SSI units and also to extend marketing assistance to these units
in selling their products

• Provides services like – Marketing Assistance, Raw Materials


availability, Commercial warehousing, Exports (making export
quota available, assistance in packing credit, documentation,
shipping etc) and Handicrafts

• MSSIDC started with a share capital of Rs. 10 lakhs in 1963-64


and its turnover was Rs.86.57 lakhs

• Today, paid up capital is 9.13 crores


Entrepreneurship Management

National Small Industries Corporation


(NSIC)
• Establishment in 1955

• Services include:

– Marketing support (Exhibitions and Technology Fairs, Buyer-


seller meets, export of products)

– Credit support (Financing for procurement of Raw Material,


financing for marketing activities)

– Technology support (Advising on application of new techniques,


material testing facilities, common facility support, classroom
and practical training for skill up gradation)

– Small Enterprise Establishment Programme (SEEP)

– Insurance of Export Credit for Micro and Small Enterprises


Entrepreneurship Management

District Industrial Centres (DIC)


• Objective - provide a focal point for the promotion of SSI, provide
service and support to the decentralized industries under a single
roof at pre investment, investment and post investment stage

• Initiated from 1st May 1978

• Main activities/functions of the Public authority:

– Registration of SSI
– Census of SSI
– Financing of SSI through banks
– Provision of industrial estates
– Implementation of Industrial Policy
– Subsidies to SSI
– Technical assistance
– Matters relating to KVIC
– Trade fairs, exhibition, awareness programme
– Training
Entrepreneurship Management

Technical Consultancy Organisations


(TCO)
• Set up by IDBI, IFCI and ICICI, state level financial institutions
and commercial banks

• Services:

– Consultants to individual entrepreneurs, government agencies,


commercial banks in task of industrial development

– Project Consultancy (Identify industrial potential through


research, feasibility reports, pre investment studies, providing
assistance to potential entrepreneurs)

– Management consultancy (Project supervision, technical and


administrative assistance, rehabilitation of sick units)
– Market consultancy ( Market research and surveys for specific
products)

– Export consultancy (Assistance to export oriented projects for


modern technology)