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Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipResource Mobilization4 Marks
Question
Write a short note on IIBI. What values are exhibited by it?
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Answer

Industrial Investment Bank of India (IIBI) was formed by transforming the Industrial Reconstruction Bank of India (IRBI). It was set-up by IDBI for rehabilitation of sick industries. IRBI was initially incorporated under the Companies Act, 1956 and renamed as the Industrial Investment Bank of India Limited in March 1997.The functions performed by IIBI are as follows:
  1. Term loan assistance for project finance.
  2. Short duration, non-project asset-backed financing working capital/ other short-term loans to companies.
  3. Equity subscription asset credit.
  4. Equipment finance.
  5. Investments in capital and money market instruments.
Values exhibited by IIBI are:
  1. Romoting economic development: By providing rehabilitation to sick industries, IIBI is promoting economic development.
  2. Generating employment opportunities: By providing financial assistance to enterprises, IIBI is generating employment opportunities.

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