A Study on Savings Behaviour in Households of Small Farmers in Raipur District, Chhattisgarh, India

Sarita Ghidode *

Department of Agri-business and Rural Management, College of Agriculture, Raipur, Indira Gandhi Krishi Vishwavidyalaya, Raipur, Chhattisgarh-492012, India.

Sanjay Kumar Joshi

Department of Agri-business and Rural Management, College of Agriculture, Raipur, Indira Gandhi Krishi Vishwavidyalaya, Raipur, Chhattisgarh-492012, India.

*Author to whom correspondence should be addressed.


Every economy relies heavily on the savings generated by the household sector to expand. They are the primary driver if capital accumulation and the determinants of economic investment possibilities. Numerous factors, both internal connected directly to a certain household and external unrelated to it influence how families behave financially in terms of conserving money. The aim of this paper was to analyse savings behaviour of households of farmers in Raipur district (Chhattisgarh) in 2019, 2020 and 2021. Analyses were conducted on saving ability, saved, Extent able to survive to event to no income, Objectives and Forms of savings accumulation by households of various socio-economic groups. Analyses showed that in saving ability of household was maximum in year 2021, compared to year 2019, 2020. Most people were saved between 20-40% of their total income. Most of people can survive for over 6 months up to annual without any income using their saved income. Presents the savings preferences of different categories of farmer households. The analysis concludes that the primary savings objectives for households were covered. Households that had savings often declared that they deposited it as fixed expenditure, medical bills and Purchase for durable goods. Most people were like to save in banks. This may be because households find banks safer than other savings options.

Keywords: Households, financial behaviour, saving ability, savings, income

How to Cite

Ghidode, S., & Joshi , S. K. (2024). A Study on Savings Behaviour in Households of Small Farmers in Raipur District, Chhattisgarh, India. Asian Journal of Agricultural Extension, Economics & Sociology, 42(5), 17–28. https://doi.org/10.9734/ajaees/2024/v42i52409


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