assumption that, as a result, a potentially good customer is induced to obtain credit and use it to build up his business properly. After an appropriate period of time, he would be expected to become an unsubsidised customer. One could even think of interest rates in such cases not being low as such. The banks would provide a facility for deferred payment of interest after a gap of a reasonable period of time. The person may be ultimately expected to pay a rate which would cover the average cost of bank operations; but for the initial period he may pay only a low rate, one quarter or l."5th of the normal rate, making up the deferred payment through subsequent instalments. Would this not be far better than a permanent subsidy?
