The main objective of Financial Institutions in India – ICICI are:To give loans to a variety of private-sector industrial initiatives.To encourage the development of a variety of new enterprises.Assisting in the expansion and modernization of existing enterprises Providing technical and management assistance to help industries increase production.ICICI provides financial aid in a variety of formats to help it achieve its objectives, including:Offers long-term and medium-term loans in both rupees and foreign currencies.ICICI is a shareholder in both equity and debentures.Underwriting new offerings of company shares and debentures.Provides a guarantee to equipment suppliers and international loaners.Students can study more about the financial institution in India with the help of one of the best educational platforms Vedantu, which has the most experienced teachers and expert advisors. You can get in touch with the expert team to clear all your queries about the financial institutions of India. And get a complete understanding of the topic to prepare well for your examination.