The Role of Banks in the Growth of Entrepreneurship in India

Entrepreneurs are often regarded as national assets who are motivated and rewarded to the greatest possible range mainly because they contribute in terms of innovation, jobs and improve the conditions for a prosperous society. Bank plays an important role in the development, growth and upgrade of entrepreneurship. There are entrepreneurs out there who want to start their own new business but it is challenging for maximum entrepreneurs to raise funds through equity because they lack financial knowledge and without funds, business can’t develop and grow. Accordingly, finances are the primary source of funding for entrepreneurs for start their own business. Recently Government pushing, encouraging and inspires Young Indian Talents to start their own New Business. After that numerous new entrepreneurs came frontward to start own New Business. Entrepreneurship growth is a perception that has to do with the financing, establishment, evolution and growth of business. This Research paper is emphasis on the role of banks in the growth of entrepreneurship in India. It is intended at to find out what are the complications encountered by entrepreneurs in obtaining finances for their own new business and what are the difficulties are confronted by banks in permitting finances along with their contribution of entrepreneurship. Commercial and specialized banks always play an important role in the growth and development of entrepreneurship. Apart from providing financial assistance, banks also give valuable inputs to support and promote their enterprise. This Research paper also made an effort to know the existent scenario of entrepreneurship. The study is completely based on secondary data which is collected through Journals, Magazines and several other Sources of Secondary Data.