Unit Trust of India (UTI)
It was set up in 1964 as an investment trust with capital of Rs. 5 crore subscribed by Reserve Rank of India, LIC, State Bank of India and other financial institutions. It has been playing an important role in mobilizing the savings of the community through sale of units under various schemes (most well known being US-64 and master shares) and channalising them into corporate investments.
It has also been extending financial assistance to the companies by way of term loans, bills re-discounting, equipment leasing and hire purchase financing.