Industrial Development Bank of India
Industrial Development Bank of India (lDBI), established under the Industrial Development Bank of India Act, 1964, is the principal financial institution for providing credit and other facilities for development of industry, coordinating working of institutions engaged in financing, promoting or developing industries and assistance to large industrial concerns and also helping small and medium industrial concerns tl1rough banks and state-level financial institutions.

Export-Import Bank of India
Export lmport Bank of India (Exam Bank) was established on 1 January 1982 for financing, facilitating and promoting foreign trade in India.

INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA LIMITED (ICICI)
Industrial Credit and Investment Corporation of India (ICICI) was established in 1995 as public limited company to encourage and assist industrial units .in the country. Its objectives, inter alia, include providing assistance in the creation, expansion and modernization of industrial enterprises, encouraging and promoting participation of private capital both internal and external, in such enterprises, encouraging and promoting industrial development and helping development of capital markets. It provides term loans in Indian and foreign currencies, underwrites issue of shares and debentures, makes direct subscriptions to these issues and guarantees payment of credit made by others.


NATIONAL HOUSING BANK
National Housing Bank (NHB), a wholly owned subsidiary of the RBI, is an apex body to finance the housing sector in India. Set up in 1987 under the National Housing Bank Act, 1987, started its operation from July 1988. The main objective of the Bank is to extend financial assitance to various eligible institutions in the housing sector by way of refinance and direct finance.

NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT (NABARD)
Sterling Centre, Dr. Annie BesantRoad, Worli, Mumbai 400018 (Maha.), was set up in 1982 under an Act of the Parliament by merging the Agricultural Credit Department and Rural Planning and Credit Cell of Reserve Bank of India (RBI) and the entire undertaking of Agricultural Refinance and Development Corporation (ARDC)

Credit functions: NA BARD provides different types of refinance (Short­term Medium-term and Long-term) to the eligible institutions.

Conversion & Rescheduling facilities: NABARD provides refinance to eligible institutions, normally SCBs and RRBs for conversion and rescheduling of loans under conditions of drought, famine or other natural calamities, military operations, enemy action etc. Similar facilities are also available in respect of loans made to artisans, small­scale industries etc.

Conversion & Rescheduling facilities: NABARD provides refinance to eligible institutions, normally SCBs and RRBs for conversion and rescheduling of loans under conditions of drought, famine or other natural calamities, military operations, enemy action etc. Similar facilities are also available in respect of loans made to artisans, small­scale industries etc.

Financing cottage/village/small-scale industries, etc.

Coordinates operations of rural credit institutions.

Ensures institution-building to improve absorptive capacity of the credit delivery system.

Develops expertise to deal with agricultural capacity of the credit delivery system.

Assists government, RBI and other institutions in rural development efforts

 Provides facilities for training and research and dissemination of information in rural banking and development.

Assists State Governments to enable them to contribute to the share capital of eligible institutions.

Provides direct loans in cases approved by Central Government.

Regulatory Functions: The Banking Regulation Act, 1949, empowers NABARD to undertake inspection of RPBs and cooperative banks (other than primary cooperative banks). Any RPB or cooperative Bank seeking permission fo RBI for opening branches, etc. will have to obtain the recommendation of NABARD.

Ultimate Beneficiaries: While all funds are routed through the SLDBs/SCBs/CBs/RRBs by NABARD, the ultimate beneficiaries of investment finance can be individuals, partnership concerns, companies, stateowned corporations or cooperative societies. The ultimate beneficiaries of production credit are generally individuals who are members of primary credit institutions.

Promotional Role: NABARD plays a vital role in the reduction of regional imbalances and providing assistance to small farmers, marginal farmers and other weaker sections. lt pays special attention to explore new and innovative investment opportunities in agriculture and rural development.

Research and Development Fund: NABARD maintains a R&D Fund for supporting research cum action oriented projects in the field of rural development. The fund assists the SLDBs/RPBs to build up their technical capabilities. Apart from annual contributions to the funds out of NABARD' profits, the fund is further supplemented by gifts, grants, donations, etc. which NABARD gets for the purpose from various sources.

Cooperative Development: NABARD has set up a Cooperative Development Fund for supporting the efforts for the ground level credit institutions and also CCBs for deposit mobilisation, human resource development, building up better MIS, computerisation and conducting special studies for improving functional efficiency.

ASIAN DEVELOPMENT BANK
The Asian Development Bank (ADB), an international partnership of 63 member countries, was established in 1966 with its headquarters at Manila, Philippines. India is a founder member. The Bank is engaged in promoting economic and social progress of its developing member countries in the Asia and the Pacific region.

Its principal functions are as follows: (i) to make loans and equity investments for the economic and social advancement of its developing member countries; (ii) to provide technical assistance for the preparation and execution of development projects and programs and advisory services; (iii) to respond to the requests for assistance in coordinating development policies and plans in developing member countries; and (iv) respond to the requests for assistance coordinating development policies and plans of developing member countries.

INERNATIONAL MONETARY FUND
As part of its mandate for international surveillance under the Article of Agreement, the IMF conducts what is known as Article IV consultations to review the economic status of the member countries, normally, once a year. Article IV consultations are generally held in two phases. During this exercise, the IMF mission holds discussions with RBI and various ministries/Department of Center Government.

The Article IV consultations are concluded with a meeting of IMF Executive Board at Washington D.C. which discusses the report. The first phase of 2004 Article IV consultations was held in November 2003. After that another visit was made by the IMF mission to India in March 2004 for making some interim assessment about the macro-economic and monetary development situations for the purpose of World Economic Outlook Report. Second phase of 2004 Article IV consultations concluded in October 2004.