• Rituraj Abhishek

The functioning of an economy depends on the financial system of a country. The key requirement for the continuous and all-round development of any country is the source of fund. There are various sources of fund. But the most important and best option is that, which is generated from its inside sources and resources. The funds generated are important for the running and development activities of any economy. The economic augmentation depends mainly on the growth of infrastructural facilities of the country. Key industries; such as mining, power, coal, Oil etc. determine the growth of other industries too. These infrastructure industries are funded by the finance system of the country. The capital requirement for infrastructure industries is huge. Raising such a huge amount is difficult for private players and hence, conventionally, governments have exclusively taken care of infrastructure projects. However, the economic liberalization policy led to the private sector participation in infrastructure industries. Development and Merchant banks such as IDBI in India help fund these activities for the private sector.

Industrial development, Jharkhand, natural resources, minerals, revenue, fund

"INDUSTRIAL DEVELOPMENT : SCOPES & OPPORTUNITIES (In the context of Jharkhand)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.363-372, June 2019, Available :http://www.jetir.org/papers/JETIR1906L55.pdf

"INDUSTRIAL DEVELOPMENT : SCOPES & OPPORTUNITIES (In the context of Jharkhand)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp363-372, June 2019, Available at : http://www.jetir.org/papers/JETIR1906L55.pdf