Drivers of Credit Penetration in Eastern India

Raj Rajesh and Anwesha Das

MPRA Paper from University Library of Munich, Germany

Abstract: This article highlights that the eastern region of India continues to lag behind other regions in harnessing the potential of bank credit as an instrument to promote growth and development, notwithstanding concerted policy efforts to further financial inclusion in the region. While enhancing access to credit remains critical to strengthen credit penetration in the region, empirical findings suggest that factors influencing demand for credit – per capita income, level of industrial activity and availability of infrastructure such as road network and power supply – also matter.

Keywords: Bank Credit; Financial Inclusion; Infrastructure; Income; CD ratio; Eastern India (search for similar items in EconPapers)
JEL-codes: E51 G21 R51 (search for similar items in EconPapers)
Date: 2019-08-04, Revised 2019-10-08
New Economics Papers: this item is included in nep-fdg and nep-fle
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Published in RBI Bulletin (2019): pp. 113-122

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