Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203704
Authors: 
Ray, Saon
Miglani, Smita
Paul, Sandeep
Year of Publication: 
2019
Series/Report no.: 
Working Paper 370
Abstract: 
Financial inclusion or access to financial services, is a major development goal for all nations across the globe. Financial inclusion does not concern only "access, but also the "use"" of financial services. This paper examines the loan taking behavior of individuals based on survey of 844 individuals across five cities in India. Probit regression has been used to ascertain the role of various socio-economic factors in affecting the loan taking behavior. The results indicate that the probability of taking a loan increases with the probability of owning a house and if a person is employed and has a bank account.
Subjects: 
Financial inclusion
household finance
financial literacy
India
JEL: 
D14
G20
G21
G41
O17
Document Type: 
Working Paper

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