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Objectives and Functions of SIDC

What are the objectives and functions of State Industrial Development Corporations (SIDC)? Objective: To promote industrial development in the states where they are setup. Functions: Allocate term finance to all the small, medium and large industrial enterprises established in the state. Be a catalyst for the activities like underwriting and directly subscribing to the shares and debentures of industrial enterprises that are established in the state. Collaborating with private entrepreneurs to establish industrial enterprises in fields of joint and assisted sectors. Direct the operations like Preparation of feasibility study Conducting market surveys Motivating the private entrepreneurs to start their ventures in the state Ensure that the the IDBI’s scheme of seed 🌱 capital is implemented in the state. Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse...