The political economy aspect of this comes out strongly when we distinguish between crisis prevention and crisis management or resolution. The policy tools are more directed at particular sectors, and may therefore be more politically sensitive as the distributional impacts are more apparent than in the case of monetary policy. There could be perceptions of particular institutions or sectors being favoured over others.
Some of our self-help groups (SHGs) work on this principle. Not only does the savings habit, once inculcated, allow the customer to handle the burden of repayment better, it may also lead to better credit allocation. Easy payments and cash out will make formal savings more attractive.