PUNJAB-Role for Moderate Akalis

tapping the capita) market for their requirements, credit expansion to the other segments of industry and business whose access to these alternative sources are relatively limited has been subdued because banks have become credit or risk conscious. The reduction in lending rates has failed to induce larger credit growth because the top- end of the market "where banks are comfortable about lending" is turning elsewhere for funds, whereas at the other end where there is demand for credit banks are by and large reluctant to lend. This situation typifies a whole gamut of issues concerning credit for .agriculture and for medium and small-scale industries and also for the rehabilitation of sick units