T.A. Bhavani and N.R. Bhanumurthy
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780198076650
- eISBN:
- 9780199081868
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198076650.003.0005
- Subject:
- Economics and Finance, Macro- and Monetary Economics
Chapter 5 focuses on the empirical analysis of financial access at the level of households. Initially, it presents evidence for the availability of financial services in the Indian villages. This is ...
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Chapter 5 focuses on the empirical analysis of financial access at the level of households. Initially, it presents evidence for the availability of financial services in the Indian villages. This is followed by the analysis of evidence for financial access at household level in terms of having bank accounts and availing financial resources for business investment purpose. Empirical analysis indicates that many Indian villages had to have physical access to financial services and a large proportion of households had to have a bank account—a pre-requisite to avail financial services offered by banks. This was reflected in the smaller percentage of households that availed of loan from the formal financial system and their large financial resource gap. One finds wide variation across the states in these two aspects of financial access. The chapter concludes that there exists not only limited financial access but also unequal access across households.Less
Chapter 5 focuses on the empirical analysis of financial access at the level of households. Initially, it presents evidence for the availability of financial services in the Indian villages. This is followed by the analysis of evidence for financial access at household level in terms of having bank accounts and availing financial resources for business investment purpose. Empirical analysis indicates that many Indian villages had to have physical access to financial services and a large proportion of households had to have a bank account—a pre-requisite to avail financial services offered by banks. This was reflected in the smaller percentage of households that availed of loan from the formal financial system and their large financial resource gap. One finds wide variation across the states in these two aspects of financial access. The chapter concludes that there exists not only limited financial access but also unequal access across households.
