 Access to and use of finance in India: does religion matter?Indian Economic Review, No 0, 26 pages Abstract: Abstract The role and relevance of religion in influencing the access to and use of finance has been an evolving area of research. In this context, exploiting disaggregated household-level data for India, we analyze the role of religion in influencing such behavior. Our findings suggest a significant disparity in both the access to as well as the use of finance by religion. On average, Muslim households are 17% less likely to own a bank account, after controlling for other relevant household and state-level characteristics. Similarly, Muslim households are 8% less likely to use bank account. Finally, we find that the interest rate is a key factor driving the use of formal finance by Muslims in the Indian context. Keywords: Religion; Finance; India (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:inecre:v::y::i::d:10.1007_s41775-020-00082-6 Ordering information: This journal article can be ordered from DOI: 10.1007/s41775-020-00082-6 Access Statistics for this article Indian Economic Review is currently edited by Uday Bhanu Sinha, Abhijit Banerji, Shreekant Gupta and J.V. Meenakshi More articles in Indian Economic Review from Springer |
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