In News: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has conducted the latest survey on All India Debt & Investment Survey during the period January – December, 2019 as a part of 77th round of National Sample Survey (NSS).
Objective: To collect basic quantitative information on the assets and liabilities of the households, as well as on the amount of capital expenditure incurred by the households under different heads, like residential buildings, farm business and non-farm business.
Indicators generated from the survey of All India Debt & Investment:
Average value of Assets (AVA): The average value of all the physical and financial assets owned per household.
Incidence of Indebtedness (IOI): The percentage of the indebted households
Average amount of Debt (AOD): The average amount of cash dues per household.
Average Fixed Capital Expenditure by the households
Key Findings:
A. Percentage of household owning assets as on 30.06.2018
About 99.4% of the households in Rural India (100% cultivator households and 98.6% non-cultivator households) reported owning any asset (physical or financial)
About 98% of the households in Urban India (99.7% self-employed households and 97.3% other households) reported owning any asset (physical or financial)
Average value of asset per household was Rs. 15,92,379 in Rural India (Rs. 22,07,257 for cultivator households, Rs. 7,85,063 for non-cultivator households)
Average value of asset per household was Rs. 27,17,081 in Urban India (Rs. 41,51,226 for self-employed households, Rs. 22,10,707 for other households)
B. Household Indebtedness
Incidence of Indebtedness was about 35% in Rural India (40.3% cultivator households, 28.2% non-cultivator households) compared to 22.4% in Urban India (27.5% self-employed households, 20.6% other households).
In Rural India,17.8% households were indebted to institutional credit agencies only (21.2% cultivator households, 13.5% non-cultivator households) against 14.5% households in Urban India (18% self-employed households, 13.3% other households)
About 10.2% of the households were indebted to non-institutional credit agencies only in Rural India (10.3% cultivator households, 10% non-cultivator households) compared to 4.9% households in Urban India (5.2% self-employed households, 4.8% other households)
About 7% of the households were indebted to bothinstitutional credit agencies & non-institutional credit agencies in Rural India (8.8% cultivator households, 4.7% non-cultivator households) against 3% households in Urban India (4.3% self-employed households, 2.5% other households)
In Rural India, the share of outstanding cash debt from institutional credit agencies was 66% against 34% from non–institutional credit agencies. In Urban India, the share of outstanding cash debt from institutional credit agencies was 87% compared to 13% from non–institutional credit agencies.
C. Capital Expenditure
About 35% of the rural households reported incurring expenditure towards formation of fixed capital (45.1% cultivator households, 21.5% non-cultivator households)
About 15% of the urban households reported incurring expenditure towards formation of fixed capital (25.3% self-employed households, 11% other households)
The average fixed capital expenditure incurred per household was Rs. 8,966 in Rural India (Rs. 10,689 for cultivator households, Rs. 6,712 for non-cultivator households)
The average fixed capital expenditure incurred per household was Rs. 10,863 in Urban India (Rs. 15,899 for self-employed households, Rs. 9,070 for other households)
D. Deposit accounts in Bank
About 84.4 % of the population of age 18 years and above had deposit account in Banks in Rural India (88.1% male and 80.7% female) .
About 85.2 % of the population of age 18 years and above had deposit account in Banks in Urban India (89.0% male and 81.3% female).
