Development and contribution of banking sector in Haryana

Banking industry is the backbone of the development of the any country economic development. Banks provide various services to the general public and play a vital role in the development of various industries and various sectors like agriculture, MSME etc. Agriculture and industries plays a crucial role in the development of any state and they need regular assistance from banks for their financial needs. Banking sector development is very important for the development overall economy of the state. In the last five years there is a mass level of development in the banking sector and Haryana is also benefited by this development. Bank eases the pressure of state government by providing funds to various industries. They also improve themselves in customer services and they have adopted new technology which increases there efficiency. In this paper the author will try to show the development of banking sector in Haryana and will also see how the banking sector contribute in the development of various sectors of the Haryana state.