"So far the borrowing programme is concerned, always we match it in such a way that the others in the market of borrowing are not elbowed out," Mukherjee told reporters after meeting chief executives of public sector banks and financial institutions in New Delhi.
In the Budget 2011-12, the government had announced a gross borrowing of Rs 4.17 lakh crore (Rs 4.17 trillion) from the market, lower than Rs 4.47 lakh crore (Rs 4.47 trillion) during last fiscal.
Of this, the government has announced to borrow 60 per cent or Rs 2.5 lakh crore (Rs 2.5 trillion) in the first half of the fiscal, leaving enough credit in the market for the private players in October-March
Cost of credit has increased significantly in the past 16 months because of the tight monetary policy regime followed by RBI since March 2010.
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