Methodology:
- The NABARD survey was conducted in 2016 in 245 districts of 29 states covering 40,327 households.
- The survey had considered 2015-16 as the reference year and all data are pertained to that year.
Highlights of NAFIS 2016-17:
- Agricultural households accounted for 48% of rural households.
- Income
- Income of farmers’ (Agricultural households) grew at a compounded growth rate of 12% per annum since 2012-13.
- Agricultural households earned 23% more than non-agricultural households.
- Agricultural households earned 34% of their income from cultivation and 34% from Wage earnings, followed by salaries (16%).
- Non-agricultural households earned 54% of their income from wages followed by salaries (32%).
- Savings: 88 % of the rural households reported having a bank account.
- Investment:
- 4 % of agricultural households also reported investment. Average investment per investing agricultural households was Rs 62,734.
- Debt:
- 5% of agricultural households and 42.8% of non-agricultural households have outstanding debt.
- 69% of borrowings of all households were from institutional sources.
- Insurance and Pension:
- 26% of agricultural households and 25% of non-agricultural households are covered under
- 9% of agricultural households are covered under crop insurance.
- 20 % of agricultural households and 19% of non-agricultural households are covered under
