There are many reasons as to why the Indian bill market remains in a state of underdevelopment. The shortcomings of the Indian money market: 1. Lack of Bill Culture 2. Absence of Rediscounting Among Them 3. Stamp Duty 4. Inadequate Credit Rating 5. Absence of Active Secondary Market 6. Administrative Problems 7. Limited Foreign Trade 8. Attitude of Banks 9. Lukewarm Government Support 10. Unorganized Nature.