Functions of Development Banks
- To Promote and Develop Small-Scale Industries (SSI).
- To Finance the Development of Housing Sector.
- To Develop the Large-Scale Industries (LSI).
- To help in Agricultural and Rural Development.
- To enhance the Foreign Trade of India.
- To help to Review (Cure) Sick Industrial Units.
What is the function of the development bank?
A development bank may, thus, be defined as a financial institution concerned with providing all types of financial assistance (medium as well as long term) to business units, in the form of loans, underwriting, investment and guarantee operations, and promotional activities — economic development in general, and
What is the meaning of development banks?
Development banks are those which have been set up mainly to provide infrastructure facilities for the industrial growth of the country. They provide financial assistance for both public and private sector industries. Development Banks – Meaning, Objectives, Commercial Banks vs Development Banks.
What are the types of development banks?
There are two kinds of development banks: Community development banks are local banks that deal primarily with individuals and small organizations in their immediate area. They are private, nongovernment institutions and may be affiliated with commercial banks.
What are banks and its functions?
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries.