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Access to Credit and Economic Well-Being of Rural Households: Evidence from Eastern India

Author

Listed:
  • Kumar, Anjani
  • Mishra, Ashok K.
  • Sonkar, Vinay K.
  • Saroj, Sunil

Abstract

We evaluate the impact of access to credit on rural households’ annual income using an endogenous switching regression approach, an increasingly popular method of tackling the selection bias issue in impact analyses. Using a large survey of rural households in eastern India, we find that access to credit is strongly associated with rural households’ socioeconomic and demographic characteristics. Additionally, access to credit increases rural households’ economic well-being; nonborrower rural households would benefit the most from access to credit. Access to credit affects recipients heterogeneously, implying that credit policies should be adaptable to different rural household groups.

Suggested Citation

  • Kumar, Anjani & Mishra, Ashok K. & Sonkar, Vinay K. & Saroj, Sunil, 2020. "Access to Credit and Economic Well-Being of Rural Households: Evidence from Eastern India," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 45(1), January.
  • Handle: RePEc:ags:jlaare:298439
    DOI: 10.22004/ag.econ.298439
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    Cited by:

    1. Deepak Varshney & Anjani Kumar & Ashok K. Mishra & Shahidur Rashid & Pramod K. Joshi, 2021. "COVID‐19, Government Transfer Payments, and Investment Decisions in Farming Business: Evidence from Northern India," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 248-269, March.
    2. Li, Changsheng & Ma, Wanglin & Mishra, Ashok K. & Gao, Liangliang, 2020. "Access to credit and farmland rental market participation: Evidence from rural China," China Economic Review, Elsevier, vol. 63(C).
    3. Hongyun Zheng & Wanglin Ma & Gucheng Li, 2021. "Adoption of organic soil amendments and its impact on farm performance: evidence from wheat farmers in China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(2), pages 367-390, April.
    4. Ma, Wanglin & Qiu, Huanguang & Fan, Yubing & Zhou, Xiaoshi, 2020. "The joint effects of ICT adoption and access to credit on household income in China," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304431, Agricultural and Applied Economics Association.

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    Keywords

    International Development;

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