premise: "The policy reflects the continuation and direction of economic reforms and the measures announced will propel the pace and momentum of growth.
  "The reduction of lending rate by one percent will reduce the cost of borrowing and help reduce project costs," the CII chief added.
  The Associated Chambers of Commerce and Industry said the RBI policy "will give a boost to the capital market."
  All-India Association of Industries president Vijay Kalantri added: "Freedom to banks to assess potential borrowers ... will benefit the commercial sector."
  The RBI allowed banks more independence in giving credit and permitted them to extend loans to firms against their shares.
   What positive effects could the reduction of leanding rate by one percent bring?
hypothesis: help reduce project costs