About IFCI (Project Management Agency - PMA)
IFCI is Non-Banking Finance Company in the public sector. Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE. IFCI has 6 subsidiaries and one associate under its fold. IFCI has played a pivotal role in setting up various market intermediaries of repute in several niche areas like stock exchanges, rating Agency, entrepreneurship development organizations, consultancy organizations, educational and skill development institutes across the length and breadth of the country. IFCI, provides financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kind of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. During its 70 years of existence, mega projects like Adani Mundra Ports, GMR Goa International Airport, Salasar Highways, NRSS Transmission, Raichur Power Corporation, to name a few, have been setup with financial assistance of IFCI.
IFCI’s Role as Project Management Agency (PMA) for PLI-White Goods Scheme:
|i||Receipt of application, examination cum processing of applications and issuing acknowledgements|
|ii||Making appropriate recommendations for approval of applications under the Scheme.|
|iii||Verification of eligibility and claim and recommendation of disbursement of Incentive.|
|iv||Monitoring the progress and performance of the Scheme|