Authors :
Gurinder Singh; Kulwinder Kaur
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/37a62vyd
Scribd :
https://tinyurl.com/2t76uyr8
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR706
Abstract :
The risk of indebtedness across region level is
higher among the households having less human and
physical assets and human resources. However, because
of their better borrowing capacities, the extent of
indebtedness among them is significantly higher than
other segment of the rural society. The same is true
about the households self-employed in various
agricultural and non-agricultural activities in the rural
areas. The region level analysis also rejects the
contention that the higher consumptive expenditure of
the rural people as a cause of their risk of indebtedness
whereas the extent of indebtedness confirms that
consumptive expenditure plays a major role in their
indebtedness. Similarly, the hypothesis of agricultural
prosperity and indebtedness going together lacks wider
generalization for household located in all the regions
except North-West states in Logistic regression and in
North-Western, Eastern and Southern region in Tobit
regression. Exposure of rural households to higher risk
and uncertain situations like droughts, floods, crop
failure due to pest attack pushes rural households deeper
into debt.
The risk of indebtedness across region level is
higher among the households having less human and
physical assets and human resources. However, because
of their better borrowing capacities, the extent of
indebtedness among them is significantly higher than
other segment of the rural society. The same is true
about the households self-employed in various
agricultural and non-agricultural activities in the rural
areas. The region level analysis also rejects the
contention that the higher consumptive expenditure of
the rural people as a cause of their risk of indebtedness
whereas the extent of indebtedness confirms that
consumptive expenditure plays a major role in their
indebtedness. Similarly, the hypothesis of agricultural
prosperity and indebtedness going together lacks wider
generalization for household located in all the regions
except North-West states in Logistic regression and in
North-Western, Eastern and Southern region in Tobit
regression. Exposure of rural households to higher risk
and uncertain situations like droughts, floods, crop
failure due to pest attack pushes rural households deeper
into debt.
