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- 2. Entrepreneurship Development: Role
of Financial Institutions
• Industrialgrowthandeconomicdevelopmentofde
velopingnationsdependtoagreatextentontherole
playedbyentrepreneurs.Therearemanyinstance
sofindividualentrepreneurswhosecreativityhasle
dtotheindustrializationofmanynations.
• However,inIndiatheeconomicandindustrialgrowt
hwasslowduetolackofefficiententrepreneurs,ind
ustrialenvironment,technicalknow-how.
• Governmentandfinancialinstitutionshaveplayed
averyimportantroleintheentrepreneurshipdevelo
pment.