Which among the following is the oldest Development Financial Institution of India ........

Indian Economy (Easy) Money and banking

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Which among the following is the oldest Development Financial Institution of India?

UTI

IDBI

ICICI

IFCI

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Explanation:

Industrial Finance Corporation of India (IFCI Ltd.): It is India's first development finance institution, was set up in 1948 on July 1 under the Industrial Finance Corporation Act, 1948 as a statutory corporation to pioneer industrial credit to medium and large scale industries.