1. Kaushal Kumar Arora, Development Banking in India, Atlantic Publisher & Distributors, New Delhi,1992, p 18 2.

Ram Manohar Saxsena, Development Banking in India, Vora Publication, New Delhi, 2009, p 32 3. Krishna Lal Pandey, Development Banking in India since 1949, Scientific Book Agency, New Delhi, 2006, p 18 4. Prabhu Narain Singh, Role of Development Bank in a Planned Economy, Vikas Publishing House, 1974, p 27 5. Mohan Singh Poonia, Development Banking in India, Prateeksha Publication, Jaipur 2007, p 34 6. Vimal Shankar Singh, Development banking in India, Deep & Deep Publications, New Delhi,2010 p 27

Preface Development Banking in India is almost as old as India s independence. The first institution established in the field of development banking was the Industrial Finance Corporation of India in 1948. After this beginning, a battery of development banks came to be established and today a well-knit structure of about 50 development banks exists, both at the national and state levels.

This research attempts to spell out the financial and developmental roles of development banks with special reference to ICICI during post-independence era. Whereas the financial role highlights the banking support provided by them for the programmes of industrialisation of the country, the development role sets forth their promotional and entrepreneurial activities of bringing together the various elements essential for the industrial development.

The present study offers an analytical and comprehensive account of interplay of development banks in independent India. Indian development banks are paying a catalytic role and making a meaningful contribution in numerous areas of entrepreneurisation such as entrepreneurship promotion, development of viable entrepreneur, entrepreneurial education and training, creation of new manufacturing, trading and servicing enterprises, proliferation and upgradation of generated entrepreneurship, promotion of entrepreneurial management and supportive

infrastructure. The entrepreneurial process which was utterly debilitated, deceased and paralysed under the British Rule has again revived and rejuvenated under the charismatic guidance, counselling, role and leadership of the Indian development banks. These banks are not merely acting as special credit institutions but they are also acting as special entrepreneurial and technological institutions. Development and diffusion of new entrepreneurship and technology in greening industries is emerging as their salient feature nowadays. They are substiantially influencing the whole process of innovation and its application in new areas. Development banks are playing a dominant role in the life cycle of the project. Their constructive and co-ordinative role in national policy making is also very appreciative. The introduction of entrepreneurship as a subject in vocational courses at college and university level would decidedly assist the educated and trained youths to select entrepreneurship as an alternate career opportunities. The present book will act as a guide, friend, teacher and philosopher to such career seekers. Because entrepreneurship promotion is the first process of certain and has viable potential to energise the entire process of socio-economic development of the nation.

The study also provides observations on some of the common problems and lacunae of the Indian development banks and proposes a pattern on which the future structure of development banking in India may be modeled. The book would be of use to students of commerce, management and economics. It can also be a valuable reference to professionals in banking and allied areas.

Development Banking In India Is Almost As Old As India's Independence. The First Institution Established In The Field of Development Banking Was The Industrial Finance Corporation of India In 1948. After This beginning, a battery of Development Banks Came To Be Established and Today A Well-Knit Structure of about 50 Development Banks Exists, Both at The National and State Levels. This Book Attempts To Spell Out The Financial And Developmental Roles Of Development Banks With Special Reference To Idbi During About 40 Years Of PostIndependence Era. Whereas The Financial Role Highlights The Banking Support Provided By Them For The Programmes Of Industrialisation Of The Country, The Development Role Sets Forth Their Promotional And Entrepreneurial Activities Of Bringing Together The Various Elements Essential For The Industrial Development.The Study Also Provides ObservaTions On Some Of The Common Problems And Lecunae Of The Indian Development Banks And Proposes A Pattern On Which The Future Structure Of Development Banking In India May Be Modelled.The Book Would Be Of Use To StuDents Of Commerce, Management And Economics. It Can Also Be A Valuable Reference To Professionals In Banking And Allied Areas.