Special Financial Institutions: A wide variety of financial institutions have been set up at the national level. They cater to the diverse financial requirements of the entrepreneurs. They include all India development banks like IDBI, SIDBI, IFCI Ltd, UBI; specialised financial institutions like IVCF, ICICI Venture Funds Ltd, TFCI; investment institutions like LIC, GIC, UTI: etc.
Advantages of Special Financial Institutions are:
• They provide finance for the growth of the industry.
• They accelerate the growth of the industrial sector by encouraging them to have better industrial output.