Chapter

Financial Access: <i>Sector and Segment-level Evidence</i>

T.A. Bhavani and N.R. Bhanumurthy

in Financial Access in Post-Reform India

Published in print January 2012 | ISBN: 9780198076650
Published online September 2012 | e-ISBN: 9780199081868 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198076650.003.0006
Financial Access: Sector and Segment-level Evidence

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Chapter 6 examines the empirical evidence for financial access at the sector level, that is, agriculture, industry and services in terms of availability and adequacy of formal financial resources for productive investment. The chapter calculates segment (organised and unorganised) and economy level indicators of financial access for the year 2004—5 and discusses the same. The financial resource gap persists for agriculture sector despite priority sector lending and other policy measures. Significant proportion of unorganised enterprises—manufacturing and services, were outside the formal financial system. Evidence shows that the financial resource gap was the largest for agriculture (49 per cent) followed by service sector (41 per cent) as major part of these two sectors has been unorganised. Financial resource gap is the largest for the unorganised segment of the economy (68 per cent) whereas at the economy level the gap was around 39 per cent.

Keywords: financial access; financial resource gap; agriculture; services; manufacturing; unorganised segment; corporate segment

Chapter.  9228 words. 

Subjects: Macroeconomics and Monetary Economics

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