The government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948.
The newly established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.
Section-1: Indian-Economy Question - 5
SME Rating Agency of India was founded by:
Industrial Credit and Investment Corporation of India
The agency was founded in 2005 by Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and several leading Govt., Public, Private and MNC banks in the country.