ROLE OF MERCHANT BANKING IN ENTREPRENEURSHIP DEVELOPMENT

In India, we have witnessed remarkable changes in our economy especially in financial sector one of the major reform is implementation of Liberalization, Privatization and Globalisation. It has impacted banking sector to a new revolution along with that in 90s Merchant banking was also popularized. In America, merchant banking is concerned with mobilising savings of people and directing their funds to business enterprise. Here, in India the need for specialized merchant banking services was felt with the rapid growth of the number and size of the issues made in the primary market. Nowadays, new entrepreneurs with new ideas, new innovations and new technology are entering the market for developing their own business and they would require a person who can transform their ideas into a venture. And then merchant bankers comes into the picture as they plays a vital role as a promoter, advisor, rehabilitator and an agent or intermediary for corporate enterprise. This study will enable us to know the role played by merchant banker in developing entrepreneurship in India.