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Development Banks have following functions:

* Provision of Capital to Industries, which can play role in economic development. * Lends money to small scale industries. * Services of Mutual Funds * Funds raising schemes for development companies. * and much more.

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15y ago
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11y ago

The nine important functions of development banks in India are as follows:

  1. To promote and develop small-scale industries (SSI) in India.
  2. To finance the development of the housing sector in India.
  3. To facilitate the development of large-scale industries (LSI) in India.
  4. To help the development of agricultural sector and rural India.
  5. To enhance the foreign trade of India.
  6. To help to cure sick industrial units.
  7. To encourage the development of Indian entrepreneurs.
  8. To promote economic activities in backward regions of the country.
  9. To contribute in the growth of capital markets.
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