Q.What is selective credit control?

1.	Q.What is selective credit control?
Answer» Selective credit control is a tool in the hands of Reserve Bank of India to restrict bank finance against sensitive commodities. These sensitive commodities generally include: (i)Food grains i.e., cereals and pulses. (ii)Cotton textiles, which include cotton yarn, man‑made fibres and yarn and fabrics made out of man‑made fibres and partly out of cotton yarn and partly out of man-made fibres. (iii)Selected major oil seeds indigenously grown viz. groundnut, rapeseed/mustard, cottonseed, linseed and castor seed, oils thereof, vanaspati and all imported oils and vegetable oils. (iv)Sugar, Gur and Khandsari. (v)Raw cotton and kapas.

Answer»

Selective credit control is a tool in the hands of Reserve Bank of India to restrict bank finance against sensitive commodities. These sensitive commodities generally include:

(i)Food grains i.e., cereals and pulses.

(ii)Cotton textiles, which include cotton yarn, man‑made fibres and yarn and fabrics made out of man‑made fibres and partly out of cotton yarn and partly out of man-made fibres.

(iii)Selected major oil seeds indigenously grown viz. groundnut, rapeseed/mustard, cottonseed, linseed and castor seed, oils thereof, vanaspati and all imported oils and vegetable oils.

(iv)Sugar, Gur and Khandsari.

(v)Raw cotton and kapas.

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