While the entrepreneur brings in ideas, techniques, innovations and passion which go to constitute entrepreneurial capital, it needs to be backed by command over a real resource. This is provided by finance. Finance, thus, enables entrepreneurship to become the fourth factor of production. 19. India has, in many ways, pioneered the concept of dovetailing credit into the country’s development endeavours.
The higher capital requirements of the Basel III framework will further enhance their ability to function under conditions of stress and help protect depositors. •  The Deposit Insurance Scheme is currently in its final stages after a lengthy process which involved intensive consultation with the banking industry and study visits by our officers to other jurisdictions.