Role of commercial banks in entrepreneurial development in india
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Banks are expected to provide entrepreneurs with financial assistance as well as inputs to support and promote their enterprise
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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. Also, banks provide the medium for input and receiving the output. Therefore, the main financial assistance is the commercial banks of the nation.
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