Published Paper Details:

Financial institutions' principal function is to supply liquidity to the economy, allowing for greater economic activity than would otherwise be possible. Banks accomplish this in three ways, according to the Brookings Institute: by providing credit, controlling markets, and pooling risk among consumers. International financial institutions (IFIs) play an important role in the social and economic development of countries with emerging or transitional economies in many regions of the world. This function includes providing advice on development projects, as well as funding and aiding with their implementation An Entrepreneurship Service Call has been launched by Indian Commercial Banks to provide consulting services to aspiring entrepreneurs. More financial organizations, aside from the government, should come out with cheap interest rates, flexible loan plans, and stronger support for the development of entrepreneurship in India.