EDP Notes

It was registered as a Limited Company on 21st July 1961 with the objective of organizing,
stimulating and assisting industrial development in Kerala.
FUNCTIONS
It functions not only as a financing body but also as a promotional institution to help intending
industrial entrepreneurs.
Financial Assistance: (1) Direct participation in equity or preference capital or debentures.
(2) Underwriting of equity or preference capital or debentures. (3) Granting of medium and
long term loans. (4) Furnishing of guarantees.
Promotional Assistance: (1) It helps in project identification. (2) It helps to submit
applications for letters of intent/industrial licenses and obtaining the same. (3) Arranging
technical collaboration.(4) Negotiating with financial institutions for securing their
assistance.(5) It helps the units to obtain land, arranging utilities like power, water etc.(6)
Participating in project management.(7) Entering into joint promotional arrangement with
private parties in order to carry through the above range of activities on joint basis.

Other Functions: (1) Management of sick units. (2) Assistance to state sector projects. (3)
Assisting or advising government on industrial matters (4) Development of mineral sources.
The corporation has also added new dimensions to the sphere of its activities so as to cover:
(a) IDBI Re-finance schemes.
(b) Seed Capital Assistance.
(c) Kerala’s new package of Assistance.
(d) Entrepreneurial Assistance.