Economy, asked by Kirti2619, 1 year ago

Role of commercial banks in promoting entrepreneurship in india

Answers

Answered by ericksimba100

4

Answer:

Commercial banks in India have played a significant role in boosting entrepreneurship through various ways.

Financing various consumer activities - Banks offer loans to entrepreneurs who may wish to buy consumer items like refrigerators to improve their firms.
Financing the industrial sector - The banks finance the small and medium enterprises and also develop the capital market.
Mobilizes savings for capital creation - Banks induce entrepreneurs to save by improvising various deposit schemes to best suit each entity.

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