Sugar- Industry s Red Herrings


management" Is it not most imprudent to finance 75 to 85 per cent of the project cost without any effective say in the management of the enterprise? Development banking does not mean only the provision of financial inputs. Projects are, set up to generate output and surpluses. There is little sense in making available large funds without taking adequate measures to ensure that these funds are deployed property and efficiently. This demands effective supervision and control over the management of the enterprise. Instances are not few where a management virtually ruined an, enterprise and financial institutions could do precious little about it.