Knowledge and use of government loan and saving schemes by rural and urban people
| dc.contributor.advisor | Sehgal, Binoo | |
| dc.contributor.author | Kapri, Ekta | |
| dc.date.accessioned | 2017-10-12T05:05:41Z | |
| dc.date.available | 2017-10-12T05:05:41Z | |
| dc.date.issued | 2017 | |
| dc.description.abstract | Financial Inclusion simply means to create financial system at ease for poor people of economy. Financial system excluded certain segments of people in early stage of economic development. However, government attempted to reach this segment by framing different policies in the form of different saving and loan schemes. The present study was conducted in Hisar district of Haryana state with three objectives: (i) to find knowledge and use of government loan and saving schemes, (ii) to impart knowledge & find gain in knowledge and (iii) to ascertain the benefits and constraints faced by respondents. Two villages i.e. Dabra and Devan, from two different blocks and two urban localities i.e. CCSHAU Campus and Azaad Nagar from two different wards were randomly selected. 50 rural respondents from the two blocks (25 from each village) and 50 urban respondents from the two wards (25 from each locality) were randomly selected. Thus, the total number of respondents was 100. A pretested interview schedule was developed in accordance with the objectives of the study. The results show that maximum number of respondents ( 62%) belonged to middle age group, were educated upto 10+2 (42%), respondents‟ main occupation was service (41%), 71 per cent respondents were having accounts in banks and 29 per cent were having accounts in both banks and post office. More number of rural respondents adopted saving and loan schemes as compared to urban respondents. Majority of the rural and urban respondents (86%) adopted saving schemes and 63 percent adopted loan schemes. Amongst government saving schemes, 94 per cent respondents were aware about Pradhan Mantri Jan Dhan Yojana but only half of the respondents (50%) adopted it. Amongst government loan schemes, 83 per cent respondents were aware about Personal Loan but only 33 per cent adopted it. In case of government loan schemes, respondents found Public Provident Fund beneficial due to tax benefit. PMJDY was found to be convenient and accessible. In case of government loan schemes, respondents felt Personal loan, Vehicle loan and Kisan Credit Card beneficial because they could use the product before full payment was made. After use of education loan 31 per cent respondents reported that it was beneficial because government provided tax benefit on it. In case of government saving schemes, respondents faced problem due to penalty in premature withdrawals in PPF and SCSS. In case of government loan schemes, respondents faced problem during taking Personal loan and Education loan because of lengthy loan procedure. | en_US |
| dc.identifier.uri | http://krishikosh.egranth.ac.in/handle/1/5810032925 | |
| dc.keywords | Loan and saving schemes, financial inclusion, adoption, knowledge gain, benefits and constraints | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | CCSHAU | en_US |
| dc.sub | Family Resource Management | en_US |
| dc.theme | Knowledge and use of government loan and saving schemes by rural and urban people | en_US |
| dc.these.type | M.Sc | en_US |
| dc.title | Knowledge and use of government loan and saving schemes by rural and urban people | en_US |
| dc.type | Thesis | en_US |