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

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Financing Industry and Business-Union Budget Proposals, 1984-85

Union Budget Proposals, 1984-85 M P Chitale It is necessary to recognise the importance of adequate risk capital right from the setting up of new ventures. The policy of financial inftitutions and banks providing resources by way of loans even when the risk capital at stake is meagre is wrong. If the provision of risk capital is adequate to start with, it automatically enables an industrial unit to obtain loans or additional funds when the business gets exposed to hazards associated with the running of industrial ventures. Under the present fiscal dispensation difficulties in securing risk capital are, however, acute. Even for established small and medium companies it is not at all easy to attract risk capital. The government, therefore, needs to pay serious attention to the problems of gathering risk capital for industry and from that standpoint review the whole structure of corporate taxation.

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