INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
In recent times, the Government of India has launched the Make in India initiative to encourage young Indian talents to start their own business or venture. Hence, many new entrepreneurs started their own businesses. The role of the financial institutions in providing financial support to the new startup companies has also increased. Business development refers to the process of the creation, financing, growth and expansion of a business or an enterprise within an economy. The focus of this paper will be on banks and the role they play in the growth of business. We will also focus on the challenges faced by banks in providing loans and how they contribute to the development of business in India. This study is based on secondary data sourced from magazines, journals and other sources. Over the past two decades, women-owned businesses in India have grown significantly. This growth has significantly contributed to the country's economic growth and development. The majority of the women-owned enterprises in India are in the service sectors. In addition to contributing to the growth of the economy, Women Entrepreneurs have also created jobs for women jobseekers. However, it is important to note that women entrepreneurs face many challenges and difficulties, particularly in terms of fund generation. A woman entrepreneur should have a sound financial background. Finances are the life blood of any company or organization. Without proper financial support, it would be very difficult to carry on the business activities. In this study, we will be focusing on the role of banks and how they can support women entrepreneurs. In this paper, we have also tried to understand the current state of women entrepreneurs in India.
Keywords:
Entrepreneurship, Women Empowerment, Financial Literacy, Bank, Sustainable Development, Economic Growth.
Cite Article:
"CONTRIBUTION OF INDIAN BANKING INDUSTRIES IN EXAGGERATING THE EXPANSION OF WOMEN ENTREPRENEURSHIP AND SUSTAINABLE GROWTH IN INDIA - A CONCISE OVERVIEW", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 1, page no.b451-b455, January-2024, Available :http://www.ijnrd.org/papers/IJNRD2401149.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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