Indian-Economy
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Q.

The State Financial Corporations of India have given assistance mainly to develop:

 A.

Medium and small-scale industries

 B.

Cottage industry

 C.

Agricultural farms

 D.

Large industries

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Solution:
Option(A) is correct

The State Finance Corporations (SFCs) are the integral part of institutional finance structure in the country. SEC promotes small and medium industries of the states.

Besides, SFCs are helpful in ensuring balanced regional development, higher investment, more employment generation and broad ownership of industries.


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