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All India Rural Financial Inclusion Survey 2021-22
October 16 , 2024
37 days
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- This was the latest survey by the National Bank for Agriculture and Rural Development (NABARD).
- This is NABARD's second survey conducted since 2016-17.
- The average landholding for farming among farmers in the country decreased from 1.08 hectares in 2016-17 to just 0.74 hectares in 2021-22.
- This was marking a reduction of about one-third (31 per cent).
- The average monthly household income of farmers increased from Rs 8,059 in 2016-17 to Rs 12,698 in 2021-22.
- It was reflecting a 57.6 per cent rise.
- The rural families spent an average of Rs 6,646 per month in 2016-17, now spend Rs 11,262.
- It was representing a 69.4 per cent increase in monthly expenses since 2016-17.
- The number of families taking loans in rural areas has risen from 47.4 per cent to 52 per cent.
- 23.5 per cent of families have at least one member receiving a pension, up from 18.9 per cent.
- 80.3 per cent of families are now having at least one insured member, compared to just 25.5 per cent in 2016-17.
- 51.3 per cent of families reported better financial information, up from 33.9 per cent.
- The financial savings among rural families rose from Rs 9,104 to Rs 13,209.
- Around 66 per cent of rural families saved in 2021-22, compared to 50.6 per cent in 2016-17.
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