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WHAT IS BIFR? GIVE THE DETAIL EXPLANATION
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Answer / simhadri
It may be clarified that the BIFR is neither a bank nor a
financial institution. In brief, its primary functions are
directed towards getting viability studies of sick units
prepared and authenticating the revival schemes for viable
sick units.
| Is This Answer Correct ? | 46 Yes | 9 No |
BIFR means "BOARD OF INDUSTRIAL AND FINANCIAL RECONSTRUCTION. It is a statuory body formed for Revival and Reconstuction of Sick Units. Now these days It become a common practice to many Enterprenuers to go BIFR by showing Loss to their Enterprises, and getting Loan Subsidy.
| Is This Answer Correct ? | 45 Yes | 9 No |
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