Page 2 - LN 241606010111

Main Functions are:

Functions

The SIDC is set up by the various states governments. Also, these governments fully own the
corporation. SIDC is more than a financial institution. Thus, they act as an instrument to speed up the
process of industrialization in the respective states.

So, to achieve this process, they provide loans, guarantees, subscription of shares, etc to the companies.
Besides loans to the respective industries, SIDC undertakes various promotional programs like project
identification, techno-economic surveys, preparation of feasibility studies, and entrepreneurial training.

Also, they provide financial assistance by means like loans, underwriting or direct subscriptions to
debentures and shares, guarantees, etc. Furthermore, they promote joint sector projects along with
private promoters. In these types of projects, SIDC has a 26% share, private co-promoter takes 25%, and
the rest goes to the investing public.

Also, SIDC takes the construction of sheds, development of industrial areas, and provision of various
infrastructure facilities. Also, they take care of the development of various new growth centers. They