Discussion
State-level financial institutions are
Answer: D
Correct answer: All of the above
All three operate at the state level and complement one another. State Financial Corporations, set up under the SFCs Act 1951, lend to small and medium industrial concerns within a state.
State Industrial Development Corporations promote and develop industry, often by building infrastructure and taking equity in new ventures, and State Industrial Investment Corporations perform a similar investment and promotional role. Their common feature is a state-level charter, which distinguishes them from IDBI, IFCI, ICICI and UTI - the all-India institutions that operate across the country.
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