RBI’s Chakrabarty on purpose-based lending
Kamalesh Chandra Chakrabarty, a deputy governor of the Reserve Bank of India (RBI), on Monday discussed some of the structural reforms undertaken in India in the 1960s that improved lending.
At the Entrepreneurship Development Institute in Ahmedabad, India, Chakrabarty said in the late 1960s India undertook brave experiments to use credit as an instrument of development. "The most important and perhaps the most significant among the public policy moves in this direction were the experiments to
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