Discuss the meaning and importance of project finance. Discuss the various sources of project financing and financial institutions structure in India
Discuss the meaning and importance of project finance. Discuss the various sources of project financing and financial institutions structure in India Ans. Finance is the lubricant of the process of economic growth. When finance mode is available, industrial activities can be initiated which gives rise to new investment opportunities towards industrialization. The Indian financial institutions have been very important constituent of the Indian economy. This importance they have derived from their financial muscle and they have linked it to the industrial development in the country. For years now the Indian financial institutions have been the life line of credit for the Indian corporate. This has been mainly because of their strong financial muscle and the various concessions they received from the Central Government for their role. In India, special financial institutions have been developed to provide finance to the upliftment of industrial activities in all regions so ...