DEVELOPMENT BANKS
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DEVELOPMENT BANKS
DEVELOPMENT BANKS IN INDIA
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.
OBJECTIVES
Lay Foundations for Industrialization
Meet Capital Needs
Need for Promotional Activities
Help Small and Medium Sectors'
FUNCTIONSFinancial Gap Fillers
Undertake Entrepreneurial Role
Joint Finance
Refinance Facility
Credit Guarantee
Underwriting of Securities
Role of development banks in financial system
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.
IFCIThe government of india set up the
industrial finance corporation of india in july 1948
Management of IFCI12 directors4 are nominated by the IDBI
OBJECTIVES OF IFCIPromoted by new enterpreneursBased on indegenous technologyWhich would result in substitution of
importsProviding input for incresing agricultural
products
FUNCTIONS OF IFCI
OPERATIONAL ACTIVITIESConcessional finance to projects in
less development areasConcessional finance for renewable
energy systemsPower of attorney schemeBridging loansSub loans in foreign currencies
IDBIThe 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.
THE PRINCIPAL SOURCE OF FUNDS OF IDBI
Share capital and reservesBorrowing from government of india and
RBIMarket borrowing by way of bondsDeposits and other borrowingsRepayment of past assitance by borrowersForeign currency borrowings from worid
banks Asian development banks and international
markets
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
Operational ActivitiesDirect AssistanceIndirect AssistanceRefinance SchemesRefinance Scheme for industrial
rehabilitationAutomatic Refinance Scheme Refinance Scheme for modernisationBills Rediscounting Scheme
contd.Soft loan scheme for modernisation
Seed capital assitance scheme
SFCs special share capital schemes
Development assistance fund(DAF)
ICICIICICI (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.
OBJECTIVES OF ICICI
Assisting in the creationExpansionModernisation of such enterprisesEncouraging and promoting the
participation private capitalEncouraging and promoting private
ownership
FUNCTIONS OF ICICI
Assistance to industriesProvision of foreign currency loansMerchant bankingLetter of creditProject promotionHousing loansLeasing operations
SIDBIEstablished 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
OBJECTIVES
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.
OBJECTIVES OF NABARD
1 . To give financial assistance for increasing the agricultural production
2.To supply the long term needs of the rural areas
3.To supply loans by way of refinance4.To help small industries ,cottage
industries and also artisans5.To achieve overall rural development
FUNCTIONS OF NABARDCredit functionsDevelopment functionsRegulatory functionsApex institution for rural financeRefinance institutionsContribution of share capitalInvestment in securitiesConversion and rescheduling facilitiesFinancial help to non –agricultural sectorTraining programsCo-ordination of actvities
ACHIEVEMENT OF NABARDShort term assistancelong term assistanceSchematic lendingAssistance to less developed statesAssistance to non-farm sectorRehabilitation programmeAssistance to research and development
projectsCredit plans under the new strategyIntegrated rural development programmeRegional rural banks
THANK YOU
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