Question

Role of banks and financial institutions entrepreneurial culture india

Answer 1

Banks play an important role in developing
entrepreneurs.
Entrepreneurs not necessarily come from
sound financial background. They always
need initial loans on reasonable interest rates
for generating capital to start their work. They
also need this financial help on regular
intervals like during expanding business,
getting credit certifications from financial
institutions like banks and many other things
like things.
Banks must issue some policies for their
development where good ideas will get loans
at little less rate of interest or other kind of
facilities but with specific terms and
conditions. Banks can also play the role of
middleman to connect people having big
amount of money with the people having
great ideas. It is because banks have all types
of clients, their full track records and
information.
Banks can also suggest them to invest their
money in some good shares or commodities to
earn more income in limited time period to
get more amount available without any
interest rate.