All-India Debt & Investment Survey – II

In urban Odisha, the average amount of debt was Rs. 2,56,000 among indebted households (Rs.3,22,000 for self-employed households, Rs.2,11,000 for other households) Dr Manas R. Das Incidence of Indebtedness as at June-end 2018 India wp:list In rural India, incidence of indebtedness was about 35.0% (40.3% cultivator households, 28.2% non-cultivator households) compared to 22.4% in urban India (27.5% self-employed households, 20.6% other households).In rural India, 17.8% of the households were indebted to institutional credit agenciesonly(21.2% cultivator households, 13.5% non-cultivator households) against 14.5% households in urban India(18.0% self-employed households, 13.3% other households).In rural India, 10.2% of the households were indebted to non-institutional credit agenciesonly(10.3% cultivator households, 10.0% non-cultivator households) compared to 4.9% households in urban India(5.2% self-employed households, 4.8% other households).In rural India, about 7.0% of the households were indebted to both institutional and non-institutional credit agencies(8.8% cultivator households, 4.7% non-cultivator households) against 3.0% households in urban India(4.3% self-employed households, 2.5% other households). /wp:list Odisha wp:list In rural Odisha, incidence of indebtedness was 40.5% (46.4% cultivator households, 28.0% non-cultivator households) compared to 20.9% in urban Odisha (31.4% self-employed households, 17.0% other households).In rural Odisha, 21.5% of the households were indebted to institutional credit agenciesonly(24.2% cultivator households, 15.8% non-cultivator households) against 14.3% households in urban Odisha (19.1% self-employed households, 12.5% other households).In rural Odisha, 9.3% of the households were indebted to non-institutional credit agenciesonly(10.0% cultivator households, 7.8% non-cultivator households) compared to 4.6% households in urban Odisha (8.7% self-employed households, 3.1% other households).In rural Odisha, 9.7% of the households were indebted to both institutional and non-institutional credit agencies (12.1% cultivator households, 4.4% non-cultivator households) against 2.0% households in urban Odisha (3.6% self-employed households, 1.4% other households). /wp:list Average amount of Debt per household as at June-end 2018 India wp:list Average amount of debt was Rs.59,748 among rural households (Rs.74,460 for cultivator households, Rs.40,432 for non-cultivator households).Average amount of debt was Rs.1,20,336 among urban households (Rs.1,79,765 for self-employed households, Rs.99,353 for other households).In rural India, the share of outstanding cash debt from institutional credit agencieswas 66% against 34% from non-institutional credit agencies. In urban India, the share of outstanding cash debt from institutional credit agencieswas 87% compared to 13% from non-institutional credit agencies. /wp:list Odisha wp:list Average amount of debt was Rs.31,000 among rural households(Rs.34,000 for cultivator households, Rs.23,000 for non-cultivator households).Average amount of debt was Rs.53,000 among urban households(Rs.1,01,000 for self-employed households, Rs.36,000 for other households).In rural Odisha, the share of outstanding cash debt from institutional credit agencieswas 59.2% against 40.8% from non-institutional credit agencies. In urban Odisha, the share of outstanding cash debt from institutional credit agencieswas 89.1% compared to 10.9% from non-institutional credit agencies. /wp:list Average amount of Debt per indebted household as at June-end 2018 India wp:list In rural India, the average amount of debt was Rs.1,70,533 among indebted households(Rs.1,84,903 for cultivator households, Rs.1,43,557 for non-cultivator households).In urban India, the average amount of debt was Rs.5,36,861 among indebted households(Rs.6,52,768 for self-employed households, Rs.4,82,162 for other households). /wp:list Odisha wp:list In rural Odisha, the average amount of debt was Rs.76,000 among indebted households(Rs.74,000 for cultivator households, Rs.81,000 for non-cultivator households).In urban Odisha, the average amount of debt was Rs.2,56,000 among indebted households(Rs.3,22,000 for self-employed households, Rs.2,11,000 for other households). /wp:list (To be continued) About the Author: Dr. Manas R. Das is a former senior economist of the State Bank of India. He has over 30 years of experience as an economist in two large commercial banks. Academically, he is a gold medalist in Bachelor of Arts with Economics Honours from Utkal University, followed by Master’s in Economics from Delhi School of Economics and Doctorate in Economics from Gokhale Institute of Politics and Economics. He is also a Certified Associate of the Indian Institute of Bankers. He has won several awards, besides being a prolific writer.