INDUSTRIAL FINANCE- In Blinkers

October 12, 1974 dently did try to take the Ministry of Commerce for a ride.
Had there been greater co-ordination among the different levels of administration, and if the operations of the Jute Corporation of India were effective in reaching down to the primary producers, none of this would have mattered. For, the bank credit could have then been channelled, in near entirety, through the Corporation and its quantity liberalised. There would also have been the assurance that the credit would serve the objective of raising the income level of the poorest strata of farmers. The story of jute in this sense is no different from the story of cotton or oilseeds or foodgrains. But while in the case of cotton, oilseeds, and food- grains, it is somehow always officially ensured that market prices do not come down, a different attitude gets reflected in government decision-making on jute.