Finance is considered the life, Force of industry. Without getting adequate finance industrial development is not at all possible. Owing to the lack of industrial development, Adequate finance in india could not achieve a significant position and shape. Industries require both medium term, Short term and long term finance for meeting their requirements of fixed capital expenditure and also in order to satisfy the capital available for operations needs. Long, Term, Medium, Term and short, Term finance long term finance for industries includes those financial resources which are advanced to the industries by the banks for a period for a duration of three years and above. Long term finance is quite important for the expansion and modernisation of industrial projects in addition to meet its fixed capital expenditure requirment