Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

SIDCs were set-up in different states with an objective to promote industrial development in the concerned states. The various functions performed by SIDCs are as follows:

1. Providing term finance to industries.
2. Underwriting, as well as, directly subscribing to shares and debentures of companies set-up in the state.
3. Preparing feasibility studies, conducting market surveys and motivating entrepreneurs to establish their units in the state.
4. Setting up joint ventures with private entrepreneurs.
5. Implementing IDBIs scheme of providing seed capital.