First, an internal working group has been constituted to consider recommendations made by a Committee on Agricultural Indebtedness (Chairman : Dr. R. Radhakrishna). Second, recommendations of a Technical Group (Chairman : S.C. Gupta) on improving the legal and enforcement framework relating to money lenders was forwarded to State Governments for appropriate consideration.
As compared with many of the large firms that are active in the corporate bond market, one might expect a greater proportion of households to behave as if they are financially constrained.