Lok Sabha Question No. 2512 (UNSTARRED), answered on 2025-08-04
Subject: Rural Financial Inclusion Survey by NAFIS
Ministry: FINANCE
Asked by: Shri Rajiv Pratap Rudy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO. 2512

ANSWERED ON MONDAY, 04 AUGUST 2025/ SRAVANA 13, 1947 (SAKA)

## RURAL FINANCIAL INCLUSION SURVEY BY NAFIS

## 2512. SHRI RAJIV PRATAP RUDY :

Will the Minister of FINANCE be pleased to state:

- (a)  whether  the  Government  has  taken  role  of  the  NABARD  All  India  Rural  Financial  Inclusion Survey (NAFIS) on sources of loans and financial inclusion in rural areas of the country;
- (b) if so, the key findings of NAFIS 2021-22 including data on rural household income, credit access, insurance and savings behaviour;
- (c) whether there is any proposal to conduct a follow-up NAFIS-2.0 survey in the coming years and the current status of the same;
- (d)  the  steps  taken  by  the  Government  to  promote  institutional  credit  among  rural  households  and reduce dependency on non-institutional sources of borrowing; and
- (e) the progress achieved under key schemes such as Kisan Credit Card (KCC), Self-Help GroupBank Linkage Programme and Priority Sector  Lending including the number of KCCs issued and total credit disbursed as of September 2024?

## Answer

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a)  to  (c):  NABARD  conducted  its  second  All-India  Rural  Financial  Inclusion  Survey  (NAFIS 2021-22)  for  the  reference  Agricultural  Year  2021-2022,  across  28  states  and  02  UTs  (J&K  & Ladakh). First such survey was conducted in the year 2016-2017. The key findings of the second survey inter-alia include:

- i. Income -  Average  monthly  income  of  rural  households  increased  by  57.6%  during  the five-year period from ₹8,059 in 2016-17 to ₹12,698 in 2021-22.
- ii. Credit Access - 75% of Agricultural households availed loans from institutional sources in 2021-22 which was 60.50% in 2016-17.
- iii. Insurance -  The  proportion  of  households  with  at  least  one  member  having  any  type  of insurance increased from 25.5% in 2016-17 to 80.3% in 2021-22.
- iv. Savings -  Annual average financial savings made by households increased to ₹ 13,209 in 2021-22 from ₹ 9,104 in 2016-17.

The NAFIS survey is conducted by NABARD at an interval of every 5 years.

(d)  to  (e):  The  Government  has  taken  various  steps  to  promote  institutional  credit  among  rural include  Priority  Sector  lending  targets  to  banks,  access  to  affordable credit  through  various  Government  schemes  such  as  Kisan  Credit  Card  (KCC),  MUDRA,  Prime households  which inter-alia Minister's Employment Generation Program (PMEGP), PM Vishwakarma etc.

The  progress  made  under  Kisan  Credit  Card  (KCC)  Scheme,  Self-Help  Group-Bank  Linkage Programme  (SHG-BLP)  and  Priority  Sector  Lending  (PSL)  as  on  September  2024  is  given  at Annexure I .

*****

Annexure-I

Statement referred to in part (d) to (e) of Lok Sabha Un-Starred Question no. 2512 on 'Rural Financial Inclusion Survey by NAFIS' due for answer on 04.08.2025

## Progress under KCC scheme as of 30 th  September 2024

| No. of Operative accounts ( in actual)   | Total outstanding amount (in ₹ crore)   |
|------------------------------------------|-----------------------------------------|
| 7,71,70,417                              | 9,98,940                                |

Source: RBI and NABARD

SHG- Bank Linkage (Savings & Credit) -Aggregate as of 30 th  September 2024

|   Sl. No. | Particulars                                |   Number (in lakh) | Amount (₹ in Crore)   |
|-----------|--------------------------------------------|--------------------|-----------------------|
|         1 | No of SHGs (Saving linked)                 |             146.73 | 66,328.11             |
|         2 | No of SHGs (Credit linked) During the year |              26.25 | 67,040.88             |
|         3 | No of SHGs (Outstanding)                   |              68.88 | 2,47,406.79           |

Source: NABARD

The  details  of  disbursement  under  PSL  by  major  bank-groups  as  of  30 th   September 2024 (For FY 2024-2025)

| Bank- Group          | PSL Disbursement (Amount in ₹ crore)   |
|----------------------|----------------------------------------|
| Public Sector Bank   | 8,63,007.51                            |
| Private Sector Bank  | 7,01,782.91                            |
| Foreign Bank         | 77,407.43                              |
| Regional Rural Banks | 1,92,621.14                            |
| Total                | 18,34,818.99                           |

Source: RBI and NABARD