Procurement and utilization of credit facilities by rural women in Hisar district
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Date
2007
Authors
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Journal ISSN
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Publisher
CCSHAU
Abstract
Around the world, women’s economic conditions are
adversely affected by their lack of access to productive resources. A women’s
economic position directly affects her ability to purchase, needed
improvements in health, housing and education for herself and her family,
her position and bargaining power in the family and community as well as
her ability to act against violence in her home and her world. Credit being an
entry point for development, increased access to credit for women is justified
on all three grounds of equity, need and prudent banking. Though credit was
recognized as an important plank of strategy for women in development right
from 1975, no full proof credit system is yet developed, for delivering credit to
poor women for self employment or enterprise development. To understand the credit behaviour of women, the present study was conducted in Hisar
district, Haryana state. A sample of 100 rural women who procured credit
was selected randomly to know the procurement, utilization and repayment
pattern of credit. Personal, economic, communication and psychological
variables were taken as independent variables, whereas, knowledge about the
credit agencies, procurement of the credit, utilization of the credit and
repayment of the credit were studied as dependent variables. The background
information of the respondents revealed that majority of them were middle
aged, illiterate, belonged to medium caste, had small nuclear family , medium
family education status, agriculture as main family occupation. Low income,
and land holding and herd size. They had low to medium communication and
psychological profile. Study revealed that majority get information about
credit from the neighbours, relatives and friends. Maximum credit was given
by the State Bank of India and the scheme was Haryana Women Development
Cooperation (HWDC). Cent per cent respondents conceptualized credit as a
help to rural masses and the main reason for the procurement of credit was
starting entrepreneurship. Majority completely utilized the credit but do not
repay at time due to natural calamities. The overall constraints faced by
respondents in procurement was educational, for utilization, it was
insufficient amount and for repayment, communication was the major
constraint. For constraints, they suggested that there should be awareness
programme, procurement procedure should be easy, interest rate should be
low etc. Occupation, risk orientation and economic motivation were
significantly associated with the procurement behavior and innovation
proneness was significantly associated with the repayment behavior of the
respondents.
Description
Keywords
Credit, Procurement, Utilization, Repayment, Rural Women, Constraints