Abstract
From the global experiences we now focus on India by first highlighting some of the macroeconomic indicators observed in case of access to financial services in general and credit in particular. In the context of financial inclusion while opening of a bank account is the first step, access to credit is of paramount importance in a nation where large percentage of households are self employed either in agriculture or in other occupations.
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Notes
- 1.
If the head of the household is a male, the household is considered as male-headed household by NSSO, while the female-headed households are those, which are headed by a female member.
- 2.
For the rural households about 75% of households in the NSSO 59th round sample are with MPCE less than Rs 600.
- 3.
One of our earlier surveys relating to the Karnataka farmers shows that 75% of the small and marginal farmers could barely meet their consumption needs. We expect similar situation for the urban poor as well.
- 4.
The All India debt and Investment Survey was carried out by visiting each sample household twice. The first visit was carried out between January and August 2003, while the second visit was from September to December 2003. During the first visit, data was collected on the amount of borrowings and repayments during 1.7.02–31.12.02. During the second visit, information on borrowing and repayment was collected for the period between 1.1.03 and 30.6.03. Using this data, thus one can arrive at percentage of households that borrowed or repaid loans in 2002–03.
- 5.
See our argument above concerning NSSO 59th round data.
References
Basu P (2006) Improving access to india's rural poor. The World Bank, Washington DC
Bhattacharjee M, Rajeev M (2010) Interest rate formation in informal credit market: does level of development matter? Brooks World Poverty Institute Working Paper No 126, University of Manchester, UK, http://www.bwpi.manchester.ac.uk/resources/Working-Papers/bwpi-wp-12610.pdf
Rajeev M, Vani BP (2011) Farm sector in Karnataka: farmers’ indebtedness and risk management, Project No. CESP/93, Institute for Social and Economic Change, Bengaluru
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Rajeev, M., Vani, B.P. (2017). Credit Access of Urban Households: A Study of NSSO Data. In: Financial Access of the Urban Poor in India. SpringerBriefs in Economics. Springer, New Delhi. https://doi.org/10.1007/978-81-322-3712-9_4
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DOI: https://doi.org/10.1007/978-81-322-3712-9_4
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