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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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Jose Luettgen

Lvl 13
3y ago

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