Although some form of banking, mainly of the money-lending type, has been in existence in India since ancient times, it was only over a century ago that proper banking began. The earliest institutions which undertook banking business under the British regime were agency houses which carried on banking business, in addition to their trading activities. Most of these agency houses were closed down between 1929-32.
The department of Indian systems of medicine and Homeopathy (ISM&H) established in the ministry of Health and Family welfare in March 1995 was renamed as department of Ayurveda and Naturopathy, Unani, Siddha and Homeopathy (AYUSH) in November 2003. The Indian system of medicine such as Ayurveda, Siddha, Unani and drug therapies like Yoga and Naturopathy have been widely practiced in India for centuries.
Agriculture is the mainstay of the Indian economy. Agriculture sector contributes about 17.8 percent of Gross Domestic Product (GDP of India), while 58.2 percent of the population is dependent on agriculture for their livelihood.