The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled ‘Industrial Finance In A Mixed Economy’ is a book form of a lecture delivered by Mr G. L. Mehta on the auspices of the A.D Shroff Memorial Trust in Bombay. The booklet was published on the 14th of April 1972.
The booklet recognises the role of financial institutions like Reserve Bank of India, IFCI, ICICI, NSIC, SICOM in providing finance to industries at different level particularly to small scale and agricultural sectors. Similarly, the role of LIC and UTI in providing resources for market operations and marketable securities respectively. Mr Mehta points out that financial institutions promoted the growth of the industry in backward areas. The booklet recommends the need to have adequate checks and balances on the public sector units receiving finance through budgetary resources. The booklet acknowledges the dynamic structure of the industry and financial institutions required for the overall growth in a mixed economy.