The businessline story brings out an interesting point - Bank credit has been just Rs 95064 crore for the half year ending Sept,08. The target for the year is Rs 2,80,000 crore. So it is less than half the target till now. However our ever-optimistic stock-market-spokesperson cum finance minister is very optimistic - "We are well on the way to achieving the target (of Rs 280,000 crore). The banks have assured me that the target will be achieved”.
Respected Sir, there is a simple theory called incentive caused bias. If banks have to bear the brunt of your generous debt waiver, what would motivate them to lent money to farmers when it already so scare!!
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment