In 1988 an idea was proposed to the joint committees of film federations for Canada, U.S.A. and Australia. Suggestions were also made to the countries of the European Union in order to fuse as well as establish a Grant Allocating Body for newer and not so established filmmakers of India. This was made in lieu of the status of Film Grants within India and the fact that India is predominantly the largest film producing country in the world. Private moneylenders and lately black marketers, ever since the industry started to derive huge profits, have controlled Film Grants. Such irregular sources of film funding led to, producers having to pay exorbitant sums of interest on borrowed money and distributors having exclusive control over most films. Significant amounts of money were being filtered through the underworld. Small time filmmakers lost out and those with lesser or no connection with the underworld were isolated. Producers were rendered powerless and many of them decided to venture into distribution as much as certain distributors becoming producers, in order to claim their exclusivity.