GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Establishing Industrial Estates
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Establishing Agricultural Farms
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Establishing small and medium size industries
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All of the above
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Detailed explanation-1: -The State Finance Corporations (SFCs) are an integral part of institutional finance structure of a country. Where SEC promotes small and medium industries of the states. Besides, SFC help in ensuring balanced regional development, higher investment, more employment generation and broad ownership of various industries.
Detailed explanation-2: -State Financial Corporations (SFCs) are the financial institutions that were set up by the state governments in India, post-Independence. The objective was to provide credit and other support services to small businesses and farmers.
Detailed explanation-3: -The correct answer is Medium and small-scale industries.
Detailed explanation-4: -An Act to provide for the establishment of State Financial Corporations. Notification: 1st August, 1952 (in the whole of India except the State of Jammu and Kashmir), vide notification No.