ABSTRACT
This chapter discusses the New Indian Indie cinema as an evolution from the New Indian Cinema of the 1960s-1970s, and a sign of post-globalisation cultural development. It introduces the idea of New Cinema by discussing several key documents which shaped the movement. In 1973–1974, the Film Finance Corporation (FFC) entered into co-financing arrangements with Dena Bank, under which films were jointly financed by the Bank and the FFC. In the National Awards, FFC-financed films won seven Awards and two special commendations. As a result of the aforementioned policy changes, the FFC gave advance loans to the producers of Shatranj Ke Khilari, to be directed by Satyajit Ray. National Film Development Corporation was set up as a result of the realisation by the Government that the economic and artistic aspects of films were closely inter-related, and an enduring policy covering production, distribution and exhibition would help in the growth and development of the film industry as a whole.
