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Inauguration Ceremony of MDI Murshidabad on August 24, 2014 by Hon'ble President of India Shri Pranab Mukherjee and Guest of Honor will be Shri Arun Jaitley Hon'ble Union Minister of Finance, Defence and Corporate Affairs

GENESIS OF IFCI

At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent. And commercial banks were not equipped to provide long-term industrial finance in any significant manner.

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IFCI provides Comprehensive Financial Solutions in the following spheres:

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