Summary |
A development bank is a multi-purpose financial institution. Besides providing financial aid it undertakes promotional activities also. It helps an enterprises from planning to operat-ional level. It primarily aim to accelerate the rate of growth. It helps industrialization specific and economic development in general. A development bank has the opport-unity to promote enterprises i.e. to conceive investment proposals and to stimulate others to pursue them or itself to carry them through, from ‘conception’ to ‘realization’. In principle, a development bank is well suited to assume this kind of role. Yet, enterprise creation is fraught with costs and risks which development bank cannot neglect. Development banks can prudently undertake them only when they have the requisite financial strength, technical expertise and the managerial skill to bank.
|
