That is a situation in which price and exchange rate movements are not a source of public anxiety, but rather a situation on which businesses and consumers can stretch their horizon and plan based on stable expectations with regard to investments, savings, productivity and value for their money.
The directed credit programme has clearly resulted in a significant increase in the amount of credit allocated to agriculture over the years (Table 3). Moreover, the Government of India also directed commercial banks, RRBs and cooperatives to double the flow of agricultural credit over a span of three years since 2004. Further, the scheme of interest rate subvention was introduced by the since 2006.