Development banks are financial institutions that provide long-term credit for capital-intensive projects aimed at promoting economic development. In India, there are various types of development banks that play a crucial role in supporting the growth of different sectors of the economy.

- NABARD was established in 1982 with the aim of promoting sustainable and equitable agriculture and rural development.
- It provides financial support to farmers, rural entrepreneurs, and agricultural cooperatives through various credit and development schemes.
- NABARD also acts as a regulator for cooperative banks and regional rural banks in India.

- SIDBI was set up in 1990 to promote and develop Micro, Small, and Medium Enterprises (MSMEs) in India.
- It provides financial assistance, refinancing, and other support services to MSMEs to help them grow and expand their businesses.
- SIDBI also collaborates with other financial institutions and government agencies to support the MSME sector.

- IDBI was established in 1964 as a wholly-owned subsidiary of the Reserve Bank of India to provide long-term finance for industrial projects.
- It plays a key role in financing large-scale industrial projects and infrastructure development in India.
- IDBI has since been converted into a commercial bank, but it continues to focus on providing financial support to key sectors of the economy.
In conclusion, development banks in India play a vital role in providing financial assistance and support to various sectors of the economy, including agriculture, small industries, and infrastructure development. These institutions help promote economic growth, create employment opportunities, and improve the overall standard of living in the country.