Name any three special financial institutions and state their objectives.

The three special financial institutions and their objectives are as follows-

• Industrial Finance Corporation of India (IFCI) - It contributed to the development of management education in the country. Its activities included assistance towards balanced regional development and encouraged new entrepreneurs to enter in new economic development.

• Unit Trust in India (UTI) - To mobilise the community’s savings and channelise them into productive ventures. It sanctions direct assistance to industrial concerns, invests in their shares and debentures and participates with other financial institutions.

• Industrial Credit and Investment Corporation of India (ICICI) - It assists the creation, expansion and modernisation of Industrial enterprise especially in the private sector. It also encouraged the participation of foreign capital in India.