Differentiate between 'Asset Finance Company' and 'Infrastructure Finance Company'.

Asset Finance Company (AFC): An AFC is a company which is a financial institution carrying on as its principal business the financing of physical assets supporting productive/economic activity, such as automobiles, tractors, lathe machines, generator sets, earth moving and material handling equipment, moving on own power and general purpose industrial machines. Principal business for this purpose is defined as aggregate of financing real/physical assets supporting economic activity and income arising therefrom is not less than 60% of its total assets and total income respectively. Infrastructure Finance Company (IFC): IFC is a non-banking finance company- which deploys at least 75 per cent of its total assets in infrastructure loans, has a minimum Net Owned Funds of ₹300 crore, has a minimum credit rating of 'A' or equivalent, and has a CRAR of 15% with Tier I capital at 10%.