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Indebtedness among weaker sections in rural areas of south-west Punjab


Manvir Kaur, R.K. Mahajan and Rupinder Kaur



Indian Journal of Economics and Development
Year : 2018, Volume : 14, Issue : 2
First page : ( 324) Last page : ( 329) 
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2018.00137.3

Indebtedness among Weaker Sections in Rural Areas of South-West Punjab

Kaur Manvir1,*, Mahajan R.K.2, Kaur Rupinder3

1Research Scholar, Department of Economics, Punjabi University, Patiala

2Assistant Professor, Department of Economics, Punjabi University, Patiala

3Former Professor, Department of Economics, Punjabi University Regional Centre, Bathinda-151001

*Corresponding author’s email:

JEL Codes G21, H31, Q10.

Online published on 22 June, 2018.


This paper attempts to estimate the extent and magnitude of indebtedness among the different categories of weaker section households in south-west Punjab. The results indicated the average amount of debt per sampled households is found to be the highest in the case of the small farm household ( 260938), followed by the marginal farm ( 93585) the labour ( 64865) and the rural artisan ( 52051) households. The institutional agencies are the main source of credit, providing 54.78 percent of the total debt. An average weaker section household avails 38.17 percent of total loans for the agriculture and related activities. The highest amount of total loans has been taken at the rate of interest ranging from 0–10 percent per annum followed by the ranging of 20–30, 10–20 and 30–40 percent.



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