EFFECTIVE UTILISATION OF MONEY BY BANKS


According to available information, all Indian banks put together, are holding a sum over 150 lakhs crore. This money has mainly come to the banks in the form different deposits. While a good share of this money has been lent out under different loans, and generate at least part of the payable interest, some of it is held by the banks are idle money.

Now, the central government, with a slight deviation in lending policy can target 10% of this idle money into productive utilisation.  This can create huge number of employment within the country and make a quantum leap in export earning. This investment can bring up over fifty thousand industries and generate about one million job opportunities. If all corruptive elements can be prevented this money will not create any liability for the banks. On the other hand it can provide a fair amount of income to the bank.

If the government or the banks need an explanation for this proposal, it can be instantly furnished.

K V George

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