The organized market consists of investors, government institutions whereas unorganized sector consists of indigenous bankers and private Individual lenders. The financial market collectively refers to all those organizations and institutions which lend funds to business enterprise in organized sector. This paper views the meaning and nature of capital market. A broad range of area is covered such as meaning, objectives importance, role structure of capital market and their functions. A good capital market is an essential pre-requisite for industrial and commercial development of a country.