Assessment of the Role of Financial Institutions in Tourism Industry Development in Agra City

Abstract

The role of financial institutions and banks in economic and sustainable tourism industry development in India has been gaining prominence since introduce of the new economic reform of liberalization I 1990. Tourism has been one of the significance contributions of the economy of Agra city. However due to inadequate resources the inherent potential thus in order to make up for these inadequacies in finance infrastructure or modern. Modern technology tourism industry relies heavily on financial or bank development institutions. This research paper analysis and evaluate the role of financial institutes both private and public in the tourism development of Agra city. The study further seeks to major satisfaction level of stakeholder of tourism availing credits from financial institutions and banks or will suggest opportunities strategies for long term development of tourism with in domain. The empirical evidence reveled that financial institute are play significance role for tourism industry in Agra but respondent are not satisfied with the financial characteristics of financial institutions to tourism industry.