Question

give merit and demerits of financial institution

Answer 1

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Answer 2

Answer:

Merits Of Financial Institutions

• Financial Institutions provides long term loans to industrial enterprises, specially for their expansion, diversification and modernization.

• Financial Institutions provides technical assistance in management of companies with regards to finance.

• Financial Institutions provides guarantees on long term loans raised by industrial concerns.

• Financial Institutions promotes new ventures in the industrial sector.

• Financial Institutions provides guidance and facilities to new entrepreneurs.

Demerits Of Financial Institutions

• In Financial Institutions, there are favouritism and nepotism in sanctioning loans.

• High rate of interests are charged by the Financial Institutions.

• There are unnecessary delay in granting loans and financial assistance.

• The backward regions get little assistance from Financial Institutions towards the industrial development.

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