Objectives
The main objectives of IDBI is to serve as the apex institution for term finance for industry in India. Its objectives include:
The main objectives of IDBI is to serve as the apex institution for term finance for industry in India. Its objectives include:
- Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI , ICICI, UTI, LIC, Commercial Banks and SFCs.
- Supplementing the resources of other financial institutions and there by widening the scope of their assistance.
- Planning, promotion and development of key industries and diversification of industrial growth.
- Devising and enforcing a system of industrial growth that conforms to national priorities.
The
IDBI has been established to perform the following functions-
- To grant loans and advances to IFCI, SFCs or any other financial institution by way of refinancing of loans granted by such institutions which are repayable within 25 year.
- To grant loans and advances to scheduled banks or state co-operative banks by way of refinancing of loans granted by such institutions which are repayable in 15 years.
- To grant loans and advances to IFCI, SFCs, other institutions, scheduled banks, state co-operative banks by way of refinancing of loans granted by such institution to industrial concerns for exports.
- To discount or re-discount bills of industrial concerns.
- To underwrite or to subscribe to shares or debentures of industrial concerns.
- To subscribe to or purchase stock, shares, bonds and debentures of other financial institutions.
- To grant line of credit or loans and advances to other financial institutions such as IFCI, SFCs, etc.
- To grant loans to any industrial concern.
- To guarantee deferred payment due from any industrial concern.
- To guarantee loans raised by industrial concerns in the market or from institutions.
- To provide consultancy and merchant banking services in or outside India.
- To provide technical, legal, marketing and administrative assistance to any industrial concern or person for promotion, management or expansion of any industry.
- Planning, promoting and developing industries to fill up gaps in the industrial structure in India.
- To act as trustee for the holders of debentures or other securities.
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