PSIC launched Rural Industries Loan Funds Scheme in 1983-84 to 1985-86 with the approval of PDWP in its meeting held on 29-10-1983. A sum of Rs. 190 lacs was approved to be provided through ADP Allocation. The scheme was to gear up industrialization in the Rural Area to stop exhaust of the Rural Population to the Urban Area by creating more and better job opportunities for the Rural Population nearer to their homes. It was decided that through this funds, credit facilities be provided to the prospective entrepreneur, desirous of making transaction from middle level agricultural / Trading Sector / Petty Village Artisans to industries by making use of the package of technical, managerial, advisory and financial in puts provided by the Punjab Small Industries Corporation.