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Role of State Financial Corporations (SFCs): Which sector do SFCs mainly support? Identify the enterprises that primarily receive SFC assistance in Indian states.

Q: Role of State Financial Corporations (SFCs): Which sector do SFCs mainly support? Identify the enterprises that primarily receive SFC assistance in Indian states.

Mandate Under the SFCs Act, 1951, State Financial Corporations provide medium/long-term finance largely to small and medium industrial concerns within their states. Final Answer Small and medium-scale industrial units (SMEs/MSMEs)

Difficulty: Easy

Large-scale heavy industries only
Small and medium-scale industrial units (SMEs/MSMEs)
Agricultural cooperatives only
Foreign multinationals

Correct Answer: Small and medium-scale industrial units (SMEs/MSMEs)

Explanation:

Mandate
Under the SFCs Act, 1951, State Financial Corporations provide medium/long-term finance largely to small and medium industrial concerns within their states.

Final Answer
Small and medium-scale industrial units (SMEs/MSMEs)

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