Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: VAT RATES :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: articles on VAT and GST in India :: due date for vat payment
 
 
« Latest Circulars »
 A Call for Enterprise in Economic Data Generation and Information Analytics - Dr. Viral V Acharya, Deputy Governor - May 19, 2017 - Presentation at the 9th Indian Chamber of Commerce Banking Summit, Kolkata
 Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable Rate Reverse Repo Auctions under LAF on May 18, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable rate Reverse Repo auctions under LAF on May 17, 2017
 RBI-Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 Auction of Government of India Dated Securities May 15, 2017
 Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 RBI to conduct 7 day Variable Rate Reverse Repo Auction under LAF on May 15, 2017
 GST implementation to have far reaching implications for the Indian Economy RBI releases State Finances: A Study of Budgets of 2016-17
 Submission of Statutory returns (SLR-Form VIII) in XBRL platform
  RBI’s Monthly Bulletin for May 2017

RBI-Meaningful Financial Inclusion hinges on Commercial Banks Ability to meet Credit Gaps of the Poor: Finding of RBIs Research Project Study in Kerala
May, 20th 2013

The Reserve Bank today released a Research Project Study titled How the Poor Manage their Finances: A Study of the Portfolio Choices of Poor Households in Ernakulam District, Kerala on its website. The Research Project Study is a collaborative outcome of researchers associated with the Centre for Socio-Economic and Environmental Studies (CSES), Kochi and Reserve Bank of India.

A survey was conducted for the purpose of this Study, on a sample size of 107 poor households in Ernakulum district in Kerala. The Study also employed a case study approach in tracking the financial lives of poor households.

The information on both stock and flow variables pertaining to 107 households was collected through the survey based approach. While the financial diary method was employed to collect information on cash flows, a questionnaire was administered to collect information on stock variables. The Project Study thus also presents a collection of case studies showcasing the cash management strategies followed by the poor households.

Major findings of the Project Study include:

(i) The challenges faced by the poor households in the sample are not only insufficient income, but also irregular and unpredictable income flows. The poor need credit for meeting frequent gaps in income inflows and consumption outflows.

(ii) A never ending cycle of lending and borrowing small amounts is observed among the poor households. When the shortfall is for meeting daily expenses, the households mostly depend on hand loans from friends and neighbours. However, if the need is for raising large amount for purposes, such as, house construction, purchase of land, etc.,poor households also seek the support of formal institutions, mostly cooperative societies. The Study finds that cooperative societies have been more flexible in meeting the cash needs of the poor as compared to commercial banks.

The Study concludes that meaningful financial inclusion of the poor by the commercial banks depends on their ability to meet the credit gaps of the poor households.

The Reserve Bank has introduced a “Research Project Study/Report Series” with a view to disseminating the research output undertaken with the support of external experts under the Reserve Bank’s Scheme for support of economic research in areas like real economy, monetary sector, financial economics etc. This would available in its website under ‘Publications >Occasional>> Project Research Study’

Research Project Studies/Reports are another effort made by the Reserve Bank for encouraging policy-oriented research and also providing data and reports for researchers at large. The Research Projects being funded under the scheme are assigned to external research institutions/scholars wherein internal researchers are also associated for collaborative research. On completion of these research projects, these studies are released on the Reserve Bank’s website for wider circulation with a view to generating constructive discussion among economists and policy makers on subjects of current interest.

The views expressed in all the research publications of the Reserve Bank, including the Research Project Studies/Reports, do not necessarily reflect the views of the Reserve Bank and as such should not be reported as representing the views of the Reserve Bank of India. The copyright for these Research Project Reports/Studies rests with the Reserve Bank of India.

Sangeeta Das
Director

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions