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Specialized Financial Institutions for Promoting Entrepreneurship in India


Dr. Taufiq Ahmad, Dr. Rifat Haneef
Pages: 67-78
ISBN: 978-93-5834-827-9


Business Management: A New Paradigm (Volume -3)

Business Management: A New Paradigm
(Volume - 3)

Abstract

Entrepreneurship is the dynamic process of creating incremental wealth by individuals/groups through the use of resources. The individual or groups who perform these activities are called entrepreneurs. The entrepreneurial activities create incremental wealth which is a precondition to economic growth. The existence of entrepreneurs and its accelerated growth is a precondition to continuous and sustainable economic growth. A number of specialized financial institutions have been set up by the central and state governments to provide long-term finance to the business organizations. They also offer support services in launching, expansion and modernization of existing enterprises.

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