Dvara Research

🌾 Know Your Kisan: A Peek into the Financial Lives of Indian Farmers 📊 Indian farmers play a vital role in the country's economy, but their financial lives are not well understood. The NAFIS Survey 2021-22 provides an in-depth look at how farmers manage their incomes, savings, and borrowings amidst financial uncertainties.   Here are some key insights: ✅ Farmers are increasingly diversifying their income sources to mitigate risks ✅ Savings patterns reveal a cautious approach, with significant reliance on informal channels ✅ Credit remains a critical lifeline, particularly during emergencies. Friends and family, and not moneylenders, are seen to be contributing to the bulk of informal borrowings   These findings highlight the need for better-tailored financial products and policies to address the unique needs of our farmers.   👉 Dive into the full blog for a deeper understanding: https://lnkd.in/dwxUYhZ6   #FarmersFirst #FinancialInclusion #RuralIndia #NAFIS #policyresearch #blog #agriculture

🌾 Know Your Kisan: A Peek into the Financial Lives of Indian Farmers 📊 Indian farmers play a vital role in the country's economy, but their financial lives are not well understood. The NAFIS Survey 2021-22 provides an in-depth look at how farmers manage their incomes, savings, and borrowings amidst financial uncertainties.   Here are some key insights: ✅ Farmers are increasingly diversifying their income sources to mitigate risks ✅ Savings patterns reveal a cautious approach, with significant reliance on informal channels ✅ Credit remains a critical lifeline, particularly during emergencies. Friends and family, and not moneylenders, are seen to be contributing to the bulk of informal borrowings   These findings highlight the need for better-tailored financial products and policies to address the unique needs of our farmers.   👉 Dive into the full blog for a deeper understanding: https://lnkd.in/dwxUYhZ6   #FarmersFirst #FinancialInclusion #RuralIndia #NAFIS #policyresearch #blog #agriculture

🌾 𝐇𝐨𝐰 𝐫𝐮𝐫𝐚𝐥 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝𝐬 𝐦𝐚𝐧𝐚𝐠𝐞 𝐭𝐡𝐞𝐢𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐢𝐯𝐞𝐬- 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐍𝐀𝐅𝐈𝐒 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟏-𝟐𝟐📊   The NABARD All India Rural Financial Inclusion Survey (NAFIS) 2021-22 reveals valuable insights into rural households' financial behaviours. From balancing rising expenditures to prioritising investments in physical assets like real estate and gold, these findings shed light on the financial realities faced by rural communities.   𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: ✅ Household incomes grew by 𝟐𝟖% between 2016-17 and 2021-22, but expenditures surged at an even faster pace, increasing by 𝟑𝟖% over the same period. ✅ 𝟔𝟗% of households rely on multiple sources of income. ✅ A significant 𝟖𝟕% of portfolios are allocated to physical assets. ✅ A noticeable shift towards institutional borrowings, reducing dependence on informal credit. ✅ Signs of unsustainable debt burdens and financial distress.    These trends underscore the importance of designing financial products that resonate with rural households' evolving needs. 👉 Dive deeper into these insights in our latest blog: https://lnkd.in/g4tdYaKh ✍ Abhishek Mukherjee NABARD - National Bank for Agriculture and Rural Development   #RuralFinance #FinancialInclusion #NAFIS #DvaraResearch

The complex issue of debt distress (or over-indebtedness) among microfinance borrowers has been in the news lately. It seems that every 5-7 years, a reckoning of this kind besets the industry. In this year's Inclusive Finance Report, released in Delhi last week, my colleague Dwijaraj Bhattacharya and I have a chapter on the subject that attempts to understand why this is so. Our chapter makes two important contributions. The first is to present measures of debt distress from the borrower’s perspective, which is a perspective that does not receive the careful attention that it deserves, from either policymakers or industry stakeholders. The chapter argues that in measuring debt distress from the borrower’s perspective, the difficulty of deciding whether the borrower has intentionally invited distress upon themselves or not, necessitates a multidimensional approach to the measurement problem. Some actual data is presented from one such multidimensional exercise. The second contribution is to reframe debt distress as a cultural problem rather than a purely economic or purely technocratic one. The cultural framing exposes and implicates perverse cultures on both sides of the market. The chapter describes each of these cultures, and shows how the culture on each side accentuates and amplifies the culture on the other side. This produces a mutually reinforcing vicious cycle of over-lending on the lender’s side and loan churning on the borrower’s side. With time, the problem only worsens until crisis intervenes as a necessary and often tragic correction. Do read and comment if you find the chapter's ideas thought-provoking: https://lnkd.in/d4rC8_jC Thank you to ACCESS Development Services for the opportunity to write this chapter for this year's report. Dvara Research #DebtDistress #Microfinance #FinancialInclusion #InclusiveFinance #IFIReport2024

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Technical Session 16: Microfinance and Empowerment – Client Perspectives from village-level studies Technical Session 18: Customer-centric impact measurement: Lessons from 88,000 borrower voices and examples of practitioners turning insights into action These sessions collectively highlighted the transformative power of microfinance from the lens of client empowerment and impact measurement. Technical Session 16 examined microfinance’s role in empowering marginalized groups through village-level studies, emphasizing client experiences, local dynamics, and policy impacts. Technical Session 18 focused on leveraging insights from 88,000 borrower voices, using data-driven feedback to refine strategies, enhance impact, and create meaningful change within the sector. Together, they underscored the importance of a client-centric approach in advancing microfinance’s goals. Register here: https://lnkd.in/fwavYrx 60 Decibels Abler Nordic Sa-Dhan Indian Institute of Management Bangalore MSC (MicroSave Consulting) Dvara Research For further inquiries, contact akash@accessdev.org / satyan@accessdev.org #GlobalInclusiveFinanceSummit2024 #GIFS2024 #FinancialInclusion

Measurement and Learning in Financial Inclusion India has made significant progress in financial inclusion, fueling economic growth, poverty reduction, and women’s empowerment. However, gaps remain in understanding the long-term impacts on savings, business incomes, women’s control over earnings, and overall social well-being. Reliable, disaggregated data on access, usage barriers, financial literacy, service quality, and outcomes are essential. A robust Measurement, Learning, and Evaluation (MLE) framework can bridge evidence gaps, improve policy decisions, and drive inclusive, sustainable development. Register here: https://lnkd.in/fwavYrx Bill & Melinda Gates Foundation Axis Bank Sambodhi Research and Communications Pvt. Ltd. Dvara Research Accion FIA Global Vipin Sharma Puja Gour Suvendu Rout Shubhendu Dash Sudipto Saha Teresa Khanna Akash Shrivastava Satyan Kumar For further inquiries, contact akash@accessdev.org / satyan@accessdev.org #GlobalInclusiveFinanceSummit2024 #GIFS2024 #FinancialInclusion

📢 Dvara Research at the Emerging Markets Conference 2024!   Indradeep Ghosh will be discussing this paper by Prateek Nahar of Indian Institute of Management Raipur - "𝐃𝐨𝐞𝐬 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐁𝐚𝐧𝐤 𝐔𝐧𝐝𝐞𝐫𝐜𝐚𝐩𝐢𝐭𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐀𝐟𝐟𝐞𝐜𝐭 𝐁𝐨𝐫𝐫𝐨𝐰𝐞𝐫𝐬’ 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐬𝐦?"   Date: 13th December 2024 Time: 10:45 AM - 11:30 AM   The session will delve into how the financial health of lending banks influences the accounting choices of borrowers, a critical topic for understanding the dynamics of financial markets in emerging economies.   Registration link: https://lnkd.in/g7xpkScf #EmergingMarketsConference2024 #Finance #AccountingConservatism #Banking #PolicyResearch

Priyadarshini Ganesan will be speaking at the Global Inclusive Finance Summit 2024, organized by ACCESS Development Services! Priyadarshini will be a part of the technical session titled “𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧”, where she will share insights and contribute to the discussions on measuring and evaluating the impact of financial inclusion programs and how well-structured MEL frameworks could improve programmatic decisions and implementation. ⏲️ Time: 9:30 AM - 10.30 AM 📅 When: December 12, 2024 📍 Where: Hotel Ashok, New Delhi Register here: https://lnkd.in/fwavYrx #FinancialInclusion #GlobalFinanceSummit #InclusiveGrowth #ACCESSDevelopment