A STUDY ON THE ROLE OF IDBI BANK

IN ENTREPRENEURSHIP
DEVELOPMENT IN
JORHAT DISTRICT

S U B M IT TED B Y:
A S H IS K A R M A K A R
B .C O M . 6TH S EM ES TER
D EPA R TM EN T O F A C C O U N TIN G &
FIN A N C E
R EG IS TR ATIO N N O : 11111111
S ESS IO N : 2016-17
Concept of Entrepreneur:

The word entrepreneur is derived from the French word

entrepreneur which means to Undertake i.e. the person who
undertakes the risk of new enterprise. The word entrepreneur,
therefore, first appeared in the French language in the
beginning of the sixteenth century. The word was applied to the
leaders of military expedition. But it was Richard Cantilon , an
Irishman , living in French who first used the term entrepreneur
to refer to economic activities. According to Cantilon , An
entrepreneur is a person who buys factor service at certain
prices with a view to selling its product at uncertain prices.
Thus, to Cantilon, an entrepreneur is a bearer of risk which is
non-insurable.
Meaning and Concept of Bank

Banks are one of the oldest financial

intermediaries in the financial system . The term
bank is derived from the banco- which means a
bench. The early goldsmiths in Italy kept coins on
benches for changing one currency into another.

A bank is an institution which deals with money

and credit. It accepts deposits from the public,
makes the funds available to those who need
them, and helps in the remittance of money from
one place to another. In fact, a modem bank
performs such a variety of functions that it is
difficult to give a precise.
The Industrial Development Bank of India (IDBI)
was established on 1 July 1964 under an Act of
Parliament as a wholly owned subsidiary of the
Reserve Bank of India. In 16 February 1976, the
ownership of IDBI was transferred to the
Government of India and it was made the
principal financial institution for coordinating the
activities of institutions engaged in financing,
promoting and developing industry in the
country. Although Government shareholding in
the Bank came down below 100% following
IDBIs public issue in July 1995, the former
continues to be the major shareholder (current
shareholding: 65.14%). IDBI provides financial
assistance, both in rupee and foreign currencies,
About Jorhat Branch:
IDBI Bank Jorhat Branch Establishment in the
March 2010. IDBI Bank Jorhat Branch located in
Mitha Pukhuri Road, Gar-Ali, Jorhat. IDBI Bank
stay on Rental building. 17 employees are
working in this Bank.
Official Staff:
Branch Manager 1Nos
Asst. Branch Manager 1Nos
Accountant 1Nos
Cashier 1Nos
Computer Operator 1Nos
Insurance assistance 1Nos
Sub-Staff 1Nos
Peon 2Nos
Importance of the study:

The IDBI Bank of Jorhat Branch is actively

against in financial loan to Entrepreneurs on
one hand and no intensive study has been
made so far in this area on the other hand.
Keeping this idea in mind, the Project
Investigator has under taken to study on the
topic title A Study On The Role Of IDBI Bank in
Entrepreneurship Development in Jorhat
District
Objectives of the study:

The study has been undertaken with the

following objective:

To study about the loan section and disburses

to entrepreneurs.
To study on the recovery of loan and advance
to entrepreneurs.
To record our suggestion on the basis of the
findings of the study.
Methodology of the study:

The present study is both descriptive and

analytical. Both primary and secondary data
were collected. Data and information were
collected from the discussion with the senior
officer of the branch. Moreover some data are
collected from books, journals, magazine,
Newspaper, deeds between Bank &
Entrepreneurs, Accounts of the branch, Audit
Report etc. To make the study realistic and
fruitful a question was drafted and distributed
among 50 respondents. Data and Information
so collected are properly tabulated and
analysis with the help of simple statistics and
inference were drawn there from.
Finding & Analysis:

Analysis of Lending
Statement showing Loan sanctioned and
Disbursement
Year Loan Sanctioned Loan disbursement
Amount No. of Persons Amount No. of Persons

01.04.2012 25,00,000 5 25,00,000 5

to31.03.2013

01.04.2013 28,00,000 8 28,00,000 8

to31.03.2014

01.04.2014 35,00,000 10 35,00,000 10

to31.03.2015

01.04.2015 48,00,000 14 48,00,000 14

to31.12.2016

Total 1,36,00,000 37 1,36,00,000 37

 Statement showing Recovery of Loans
Year Amount (Rs.)
01.04.2012 to31.03.2013 12,00,000
01.04.2013 to31.03.2014 28,00,000
01.04.2014 to31.03.2015 46,00,000
01.04.2015 to31.12.2016 62,00,000
Total 1,48,00,000

Analysis: The Above table highlighted that, during the year

01.04.2015 the Recovery loan was highest in comparative to 2012
and 2013. Similarly no of beneficiary was highest in the year 2014.
Now, it is very much clear that IDBI Bank have
very much importance in national development.
Without the help of this bank, millions of people
in India Particularly Assam lacking the much
needed financial support. IDBI Bank takes active
part in local communities and local development
with a stronger commitment and social
responsibilities. These banks are best vehicles for
taking banking to doorsteps of common men,
unbanked people in urban and rural areas. Their
presence in the social, economic and democratic
structure of the country is essential to bring
about harmonious development and that perhaps
is the best justification for nurturing them and
strengthening their base. These banks are sure to
Thank You