ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Unit Trust of India-Statement of the Chairman, Shri J S Raj

advanced in the rural sector has been progressively increasing over the last two decades. Therefore, the policy of differential rates of interest, it it is to fulfil its objective, has to be combined with the rationing of credit with a view to reducing the dependence of the weaker sections on the. private sources.5 Co-operatives and commercial and nationalised banks should be reuired to allocate to weaker sections a specified proportion of the total credit advanced6. Such rationing would restrict the scope for relending of credit taken from institutional sources by the richer sections. Insofar as credit availability is increased significantly for the weaker sections, their dependence on THE following are extracts from the Statement of Shri J S Raj, Chairman, Unit Trust of India:

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