Question

Discuss the role of commercial bank in the development of entrepreneurship

Answer 1

$\huge\mathfrak\green{Question:-}$

Discuss the role of

commercial bank in the

Development of

entrepreneurship.

$\huge\mathfrak\red{Answer:-}$

A commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit

Role of commercial banks:

• Commercial banks play the most important role in entrepreneur development of the nation. With less amount of investment capital, banks offer lowest rate of interest for loans. This loan amount can be used as input.
• The rate of interest is lower in government banks as compared to private banks.

• Banks provide the medium for input and receiving the output. Therefore, the main financial assistance is the commercial banks of the nation.