IFCI

IFCI Limited, incorporated in 1948 and formerly known as Industrial Finance Corporation of India, is India's first development financial institution. It is a government-owned non-banking finance company classified as a Non-Banking Financial Company - Non-Deposit - Systemically Important (NBFC-ND-SI). The company provides financial products and services primarily aimed at industrial and infrastructure development within India. IFCI Limited caters to the long-term finance needs of the industrial sector and acts as a nodal agency for various Government of India schemes, including the Production Linked Incentive (PLI) schemes. The company operates within the financial services, industrial sector, and infrastructure development industries and is recognized as a Public Financial Institution.