Structure of financial institutions
Material type:
- 332.1 BHA
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After independence, India initiated the process of planned development under state initiative in the frame work of a mixed economy. With the experience of about two decades, it is now realised that the originally conceived development strategy needs to be modified in certain significant ways. One of the new elements of this modified strategy is related to the role of the financial institutions in the process of development. This institutional set-up so far has played a more or less passive role, and it is recognised that it will have to undertake an active catalytic role in initiating the process of development, particularly in backward areas. The papers in this book are concerned with the policies and the policy instruments that are essential to enable the financial system to assume the role.
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