Journal Press India^®

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Teconomic development particularly in the backward region to larger extent depends on proper financing. Capital plays a decisive role in determining the level of Industrialization. Finance depends largely on the financial structure which caters to the need of funds of various industrial ventures. In a scattered location of enterprises where entrepreneurs have limited access to capital, the financial institutions can abridge them for sustained economic growth. The finance is the life blood of any economic activity. There are various banks and financial institutions performing and working as function of finance. Development banks are unique financial institutions doing the special task of fostering the development of nation. These banks are financial agencies to provide medium and long term financial assistance and act as catalyst agents in promoting balanced development of the industry, agriculture, and other key sectors. The KSFC is one of pride institution in India to provide financial assistance to micro, small and medium scale industries in Karnataka. Since establishment of KSFC, the industrial picture of Karnataka has changed in the promotion of industries. It has contributed most significantly for the growth of MSMEs in backward area, development and promotion of first generation enterprises. It is also the proud privilege of KSFC to have assisted many Industries that are internationally recognized like the INFOSYS and BIOCON and it has maintained top ranking among SFCs in the country. The paper used secondary data and based on descriptive research methodology. Secondary data from various government journals, KSFC Annual reports and operational statistics are used. The main objectives of the present study are to examine the Role of the KSFC in development of make in India in Karnataka and its contribution to the growth of the economy.

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