Answer the following questions, each in about eight to ten sentences.

What is the part played by Industrial Finance Corporation (IFC) and State Finance Corporations (SFS) in financing business?

The Industrial Finance Corporation (IFC) is a Non-banking finance company that provide loans for public limited companies and co-operative societies. The IFC provides funds only to these organizations that serve the public directly like Airports, Roads, Telecom, Power and Manufacturing industries. It extends its offer to provide loans for the state-owned public limited companies as well.

The State Finance Corporation (SFC) is a supplement of IFC that are managed by the Individual State government to provide loans for micro, small and medium scale industries within their state. SFC helps organizations to get loans for buying land for business, machinery purchase and plant establishment.