Development banks play an important role in promoting social and economic development through providing loans and technical support. The document discusses several major development banks in India - IFCI, IDBI, ICICI, SIDBI, and NABARD - and their objectives and functions. IFCI, IDBI, and ICICI provide financing to industries, while SIDBI and NABARD focus on promoting and financing small and medium enterprises and rural development, respectively. Together, these banks work to fulfill capital needs, promote industries, and aid development across sectors in India.
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
Entrepreneurship development - Institutional AssistanceSOMASUNDARAM T
Financial assistance through SFCs, SIDBI, Commercial Banks, KSIDC, KSSIC, IFCI; Non-financial assistance from DIC, SISI, EDI, SIDO, AWAKE, TCO, TECKSOK, KVIC; Financial incentives for SSI and Tax Concessions ; Industrial estates: role and types.
Overview of Indian Financial Institutions , Players of Financial Institutions, Role and Functions of various financial Institutions in Indian Financial Market
• The 'District Industries Centre' (DICs) programme was started by the central government in 1978 with the objective of providing a focal point for promoting small, tiny, cottage and village industries in a particular area and to make available to them all necessary services and facilities at one place.
• The District Industries Centre is the institution at the District level, which provides all the services and support facilities to the entrepreneur for setting up Micro, Small and Medium Enterprises. This included identification of suitable schemes, preparation of feasibility reports, arrangements for credit facilities, machinery and equipments, provision of raw materials and development of industrial clusters etc.
• Established in 1940
• Vision is to be primary driving force of commercially sustainable industrial development .
• Industrial development Corporations are companies or agencies in India which were established at various times under the policy of Government of India for the promotion of small - scale industries.
• A Central Industrial Finance corporation was set up under the industrial Finance corporations Act, 1948 in order to provide medium and long term credit to industrial undertakings which fall outside normal activities of commercial banks.
• The State governments expressed their desire that similar corporations be set up in states to supplement the work of the Industrial financial corporation. State governments also expressed that the State corporations be established under a special statue in order to make it possible to incorporate in the constitutions necessary provisions in regard to majority control by the government, guaranteed by the State government in regard to the payment principal. In order to implement the views Expressed by the State governments the State Financial Corporation bill was introduced in the Parliament.
• Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination of the functions of the institutions engaged in similar activities.
• It was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India.
• The purpose is to provide refinance facilities and short term lending to industries. Its headquarters is in Lucknow.
• Former Deputy Managing Director is Shri N.K. Maini. Dr. Kshatrapati Shivaji is the new Chairman and Managing Director of the organisation.
Entrepreneurship development - Institutional AssistanceSOMASUNDARAM T
Financial assistance through SFCs, SIDBI, Commercial Banks, KSIDC, KSSIC, IFCI; Non-financial assistance from DIC, SISI, EDI, SIDO, AWAKE, TCO, TECKSOK, KVIC; Financial incentives for SSI and Tax Concessions ; Industrial estates: role and types.
Overview of Indian Financial Institutions , Players of Financial Institutions, Role and Functions of various financial Institutions in Indian Financial Market
CASE-STUDY OF BAPU KUTI – MAHATMA GANDHI’S HOME IN SEWAGRAMIAEME Publication
In early 1936, Gandhiji expressed his wish to make his residence in a village after leaving Sabarmati Ashram. On 30th April, 1936 Gandhiji shifted his residence to Segaon village. This work shows the construction technology used for Gandhiji’s home along with its historical and social importance. The house was built under the condition, put forth by Mahatma Gandhi, that the overall cost should not exceed 500 rupees (for Bapu Kuti). As per the study of Bapu Kuti, we figured out that it has been engineered as earthquake resistant, cyclonic resistant, storm resistant, thermal insulated and follows sun-diagram.
Banks and NBFCs: Types of Banks & NBFCs: Central Bank, Nationalized & Co Operative Banks, Regional Rural
Banks, Scheduled Banks, Private Banks & Foreign Banks, Mudra Bank, Small Finance Banks, Specialized Banks, NBFCs.
Types of Banking: Wholesale and Retail Banking, Investment Banking, Corporate Banking, Private Banking, Development
Banking.
3. WHAT IS DEVELOPMENT
BANKS
A Development Bank is a polygonal
development finance institution devoted to
improving the social and monetary development
of its associate nations.
It helps improve the value of people's lives by
providing loans and scientific support for a broad
variety of development activities.
4. OBJECTIVES
Lay Foundations for Industrialization
Meet Capital Needs
Need for Promotional Activities
Help Small and Medium Sectors'
7. FUNCTIONS OF A
DEVELOPMENT BANK
Increase loans and equity investments to its
developing associate countries (DMCs) for their
monetary and social development.
Provides technical help for the planning and
implementation of development projects and
programs and for advisory services.
Promotes and facilitates speculation of public and
private capital for growth and development.
Responds to requests for assistance in coordinating
growth policies and plans of its increasing member
countries.
8. IFCI
The government of india set up the industrial
finance corporation of india in july 1948
Management of IFCI
12 directors
4 are nominated by the IDBI
9. OBJECTIVES OF IFCI
Promoted by new enterpreneurs
Based on indegenous technology
Which would result in substitution of imports
Providing input for incresing agricultural
products
11. OPERATIONAL ACTIVITIES
Concessional finance to projects in less
development areas
Concessional finance for renewable energy
systems
Power of attorney scheme
Bridging loans
Sub loans in foreign currencies
12. IDBI
The Industrial Development Bank of India (IDBI) was
established on 1 July 1964 under an Act of Parliament
as a wholly owned subsidiary of the Reserve Bank of
India.
In 16 February 1976, the ownership of IDBI was
transferred to the Government of India and it was
made the principal financial institution for
coordinating the activities of institutions engaged in
financing, promoting and developing industry in the
country.
13. THE PRINCIPAL SOURCE OF FUNDS
OF IDBI
Share capital and reserves
Borrowing from government of india and RBI
Market borrowing by way of bonds
Deposits and other borrowings
Repayment of past assitance by borrowers
Foreign currency borrowings from worid
banks
Asian development banks and international
markets
14. OBJECTIVES and FUNCTIONS
Planning,promoting,developing industries
• Co-ordinating the working in institutions
engaged in financing
• Undertaking market and investment
research
• Providing technical and administrative
assitance
• Subsidiaries
16. contd.
Soft loan scheme for modernisation
Seed capital assitance scheme
SFCs special share capital schemes
Development assistance fund(DAF)
17. ICICI
ICICI (INDUSTRIAL CREDIT AND INVESTMENT
CORPORATION OF INDIA) Bank Ltd.
ICICI is an Indian diversified financial services company
headquartered in Mumbai, Maharashtra.
The Bank has a network of 2,630 branches and 8,003 ATM's in
India, and has a presence in 19 countries, including India.
18. OBJECTIVES OF ICICI
Assisting in the creation
Expansion
Modernisation of such enterprises
Encouraging and promoting the
participation private capital
Encouraging and promoting private
ownership
19. FUNCTIONS OF ICICI
Assistance to industries
Provision of foreign currency loans
Merchant banking
Letter of credit
Project promotion
Housing loans
Leasing operations
20. SIDBI
Established in 1990 under an Act of Indian Parliament.
Objective: Promotion, Financing & Development of
MSMEs and Co-ordinating Functions of institutions
engaged in similar activities.
Ownership : Public sector banks/FIs/Insurance Cos
owned or controlled by the Government of India.
Structural Linkage: With Ministry of Finance and
Ministry of SSI.
Nodal Agency : For SME Schemes of GoI
22. NABARD
National Bank for Agriculture and Rural
Development (NABARD) is an apex
development bank in India having headquarters
based inMumbai (Maharashtra) and other
branches are all over the country.
It was established on 12 July 1982 by a special act
by the parliament
Main focus was to uplift rural India by increasing
the credit flow for elevation of agriculture & rural
non farm sector and completed its 25 years on 12
July 2007.