Saturday, October 31, 2009
Working Capital Loan And Cash Credit System
This is at variance with the cash loan system prevalent in various countries whereby the entire amount of loan limit is disbursed in one shot subject to renewal/review at regular intervals.
Besides, in India, credit is considered a scarce commodity and need-based financing is one of the major planks underlying the central bank’s credit policy even in the liberalized regime.
Systematic planning of credit and optimal utilization thereof are considered quite vital.
Besides, in India, credit is considered a scarce commodity and need-based financing is one of the major planks underlying the central bank’s credit policy even in the liberalized regime.
Systematic planning of credit and optimal utilization thereof are considered quite vital.
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