Banking a boost to economic growth

Entrepreneurship is termed as the ability to think of new products and create new businesses to make them successful. Their dreams can be fulfilled only by effective manpower, basic infrastructure, technical guidance and above all continuous financial support. They can never be self-reliant. They always have to depend upon the financial system of the country. The financial system is considered to be the foundation of economic growth and development of a country. The strength of the financial system is dependent on its banking system. Therefore banking sector is considered as backbone of economic progress. The growth of this sector enhances the entrepreneurship capacity at every level i.e small, medium and large. They play a pivotal role in mobilizing the nations savings and channelising them into high investment priorities. The relationship among all these is so intermingled that these cannot be separated.