Indian Economy
In the state of India, the State Financial Corporation have given assistance mainly to develop

cottage industry
agricultural farms
large-scale industries
medium and small-scale industries

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to lend more easily for industrial development

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