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: TDS :: due date for vat payment :: empanelment :: VAT Audit :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Latest Circulars »
 Payment Systems - Next Orbit (Shri R. Gandhi, Deputy Governor - February 20, 2017 - at the launch of Bharat QR Code at Hotel Trident, Mumbai)
 Financing MSMEs: Banks & FinTechs – Competition, Collaboration or Competitive Collaboration? (Shri S. S. Mundra, Deputy Governor – February 20, 2017 – at the NAMCABS Seminar organized by College of Agricultural Banking in Mumbai)
 Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
 RBI-Formation of twenty one new districts in the State of Telangana - Assignment of Lead Bank Responsibility
 RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
 Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List–M/s HDFC Bank Ltd.
 Reserve Bank of India seeks Comments on Draft Circular on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
 Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
 RBI-Foreign Investments in India
  RBI cancels the Licence of the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra
  Finance Minister meets the Directors of the RBI Central Board

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