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Tuesday, August 30, 2016

Bank Loan Accounts:Rural Women Vs Urban Women

Bank Loan Accounts: Rural Women Vs Urban Women

In 2015, for every 100 small borrowal accounts held by rural men, rural women held nearly 32. In comparison, urban women held only 16 loan accounts

Rural women seem to be better off than their urban counterparts when it comes to holding loan accounts, going by the Reserve Bank of India’s (RBIs) latest annual report. (2015-16)
On average, for every 100 small borrowal accounts (SBAs) held by rural men, rural women held about 32 accounts in 2015.

In comparison, urban women held only 16 loan accounts per 100 accounts held by urban men.

Currently, accounts with credit limit of  Rs. 2 lakh are taken as SBAs.

The RBI said the ratio of bank credit per capita (under SBA) for rural women to urban women has also been largely on the rise.

Bank credit per SBA has been on the rise in rural areas (to nealy Rs. 30,000 per account in 2015 from about Rs. 18,000 in 1999); this is contrary to the trend in urban areas (to about Rs. 9,000 per account from nealy Rs. 32,000).

According to the RBI, this underscores the need for focussed attention on the urban poor, keeping in view increasing urbanisation in the country.

Besides expanding the branch network, tailor-made platforms and products need to be designed to reach out to small borrowers in urban areas, including slum-dwellers and domestic workers.


The RBI said there has been a fall in the share of SBAs in total bank credit to about 8 per cent.
Bank Loan Accounts:Rural Women Vs Urban Women Reviewed by S. Chitra on August 30, 2016 Rating: 5 Bank Loan Accounts: Rural Women Vs Urban Women In 2015, for every 100 small borrowal accounts held by rural men, rural women held nearl...

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