From 50 Years Ago: Budget plus Banks

Budget plus Banks

Take the baffling problems of concentration of economic power and development of backward regions within States. About 600 and odd credit accounts at present receive approximately two-thirds of total bank credit. Without in any manner starving these accounts of genuine requirements of working as well as growth capital, their actual requirements can be scrutinised more closely to prevent them from pre-empting credit from others as also to relate their credit requirements to their ability to raise larger internal resources…