What does DFI’s stand for?

DFI’s stands for Development Finance Institutions. Economic development of the country is the main objective of DFI. You can read about the Development Finance Institutions (DFI) – Objectives, Sector Specific DFI in the given link.

Development Finance Institutions also provide assistance like consultancy services, Viability study, Project Reports. Industrial Finance Corporation of India (IFCI) was the 1st DFI in India, it was established in 1948. Industrial Credit and Investment Corporation of India (ICICI) Limited is another DFI in India which was established in 1955 as an initiative of the World Bank.

Further readings:

  1. Types of Non Banking Financial Institutions India
  2. World Bank Group – IBRD, IDA and 3 other institutions (UPSC Notes)

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