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Rural Households Have Higher Debt Than Urban Counterparts: NSSO Report

Human Rights

Rural Households Have Higher Debt Than Urban Counterparts: NSSO Report

by The Daily Eye Team February 15 2016, 4:20 pm Estimated Reading Time: 0 mins, 39 secs

A new survey by the National Sample Survey Organisation (NSSO) shows that rural households have higher debts than their urban counterparts. At the same time, an urban household owns more than double the asset than that of a rural household. A rural household, on an average, owned assets of Rs 10 lakh, while an urban household owned Rs 23 lakh worth of assets. Of the total, 31.4 per cent rural households are under debt as opposed to 22.4 per cent urban households.

According to the 70th round of "Household Assets and Liabilities" survey, the debt to asset ratio of urban households is 3.7 whereas the ratio for rural households stands at 3.2. This means that the average urban household has more debt than asset in comparison to rural household.

Read More at www.downtoearth.org.in



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Reema Moudgil


Reema Moudgil has been a journalist since 1994 and has written on cinema, theatre, gender issues, music, art, architecture and more. Her first novel Perfect Eight was published in 2010 and was recently prescribed as a post graduation text in the post colonial Indian writing course in Jyothi Niwas College, Bangalore. She also won an award for her writing/book from the Public Relations Council of India in association with Bangalore University. Since 2010, she has co-founded Unboxed Writers (currently being rebooted), edited Chicken Soup for the Soul-Indian Women, and translated Dominican poet Josefina Baez’s book Comrade Bliss Ain’t Playing in Hindi. She is also an Urdu, English and Hindi RJ and as an artist, has exhibited her work in India and the US. 

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Rural-Urban Divide NSSO Report Households Assets And Liabilities Survey Farmer Loans Economy India

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