The Industrial Finance Corporation Act, 1948
THE INDUSTRIAL FINANCE CORPORATION ACT, 1948.ACT NO. 15 OF 1948 *1.[27th March, 1948.]
where it is expedient to establish an Industrial Finance
Corporation for the purpose of making medium and long-term credits more readily
available to industrial concerns in India, particularly in circumstances where
normal banking accommodation is inappropriate or recourse to capital issue
methods is impracticable.
It is hereby enacted as follows:--