Access to Credit in Rural India: Some Emerging Trends and Patterns
It is found that households falling in upper quintiles of asset ownership borrow more for income generating purposes as compared to borrowing for consumption. Also, these households have a higher share of institutional borrowing in comparison to the households falling in the lower quintile of ass...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
H. : ĐHKT
2020
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| Online Access: | http://repository.vnu.edu.vn/handle/VNU_123/70926 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | English |
| Summary: | It is found that households falling in upper quintiles of asset ownership borrow more for
income generating purposes as compared to borrowing for consumption. Also, these
households have a higher share of institutional borrowing in comparison to the
households falling in the lower quintile of asset ownership. Even though the share of noninstitutional
lending in the rural credit market has declined, the role of professional
money lenders has become more important. They now service one-third of the rural credit
market in India as compared to 20 percent in 2002-03. As long as the benefits of the
schemes to boost rural credit supply accrue disproportionately to the socially and
economically better off segments of the rural population, the agrarian crisis which can
partly be viewed as a consequence of the inadequacy of credit will only deepen. |
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