With the help of these financial institutions, the government takes up projects and tasks in order to enhance the overall economic scenario of the country. Depending on the economic importance of the financial organizations, all the financial institutions of India can be divided under following categories:
- Specialized Financial Institutions in India
- All-India Development Banks
- State-level institutions
- Investment Institutions
- Other institutions
Apart from these top-listed financial institutions, there are other financial institutions also that offer specialized financial services to its clients. These financial institutions are generally devoted to serve some specific domains such as: small and medium scale industries, sick-industries, housing, agriculture, railways, shipping, power, roads and others. Small and medium scale business and agriculture are the two domains for which these specialized financial institutions have come up with various financial products and services.
Specialized financial institutes like Export Credit Guarantee Corporation of India Ltd and Export Import Bank of India (EXIM) also offer special financial services to help the exporters with their business. Apart from offering financial products, these institutions also provide guarantee products to the export companies.