Publications des scientifiques de l'IRD

Goedecke J., Guérin Isabelle, D'Espallier B., Venkatasubramanian G. (2018). Why do financial inclusion policies fail in mobilizing savings from the poor ? Lessons from rural south India. Development Policy Review, 36 (1), p. O201-O219. ISSN 0950-6764.

Titre du document
Why do financial inclusion policies fail in mobilizing savings from the poor ? Lessons from rural south India
Année de publication
2018
Type de document
Article référencé dans le Web of Science WOS:000423806600010
Auteurs
Goedecke J., Guérin Isabelle, D'Espallier B., Venkatasubramanian G.
Source
Development Policy Review, 2018, 36 (1), p. O201-O219 ISSN 0950-6764
Combining multivariate and qualitative analyses, this micro-level study suggests an explanation for the persistence of informal savings in rural south India despite publicly run large-scale programmes to promote bank savings. Gold, in particular, but also Rotating Saving and Credit Associations (ROSCAs) and private lending, remain the dominant forms of savings. We argue that cultural norms and social institutions, such as social class and caste, shape the nature of savings, and also the propensity and opportunities to save. Gold serves multiple purposes, financial, economic, socio-cultural and political. Furthermore, we find that the preference of Dalits (the lowest caste) for gold illustrates a relative emancipation, which contrasts with the persistence of caste-related prohibitions preventing them investing in other assets, such as land.
Plan de classement
Développement économique / Aménagement du territoire [095] ; Economie et sociologie rurale [098] ; Société, développement social [106]
Description Géographique
INDE
Localisation
Fonds IRD [F B010072058]
Identifiant IRD
fdi:010072058
Contact