Purpose

The study aims to explore the savings behaviour of Indian farmers. An attempt is also made to inspect the effect of financial literacy (FL) and financial confidence (FC) on the savings behaviour of the farmers in India.

Design/methodology/approach

This study used secondary data on 10,263 Indian farmers from Financial Inclusion Insights, 2017 database. Relevant statistical techniques and ordered probit regression were used to unfold the effect of FL and FC on the savings behaviour of farmers.

Findings

The outcome of the study revealed that the majority of the Indian farmers exhibited poor levels of FL and FC. Of the total, 42.99% were found to save regularly. FL and FC were observed to play instrumental roles in steering the savings behaviour of the Indian farmers. Household size, financial shocks, gender, farm ownership, income, household financial decision-making process, religion and educational attainment have emerged to be significant predictors of the savings behaviour of Indian farmers.

Originality/value

The present study makes an original contribution to the extant literature by unfolding the savings behaviour of Indian farmers and the effect of FL and FC on such behaviour using a rich sample of 10,263 farmers for the first time.

中文翻译：

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金融知识和金融信心对农民储蓄行为的影响：印度场景

目的

该研究旨在探讨印度农民的储蓄行为。还尝试考察金融素养（FL）和金融信心（FC）对印度农民储蓄行为的影响。

设计/方法论/途径

本研究使用了 Financial Inclusion Insights 2017 数据库中 10,263 名印度农民的二手数据。利用相关统计技术和有序概率回归来揭示FL和FC对农民储蓄行为的影响。

发现

研究结果显示，大多数印度农民的 FL 和 FC 水平较差。其中，42.99%的人经常存钱。据观察，FL 和 FC 在引导印度农民的储蓄行为方面发挥着重要作用。家庭规模、金融冲击、性别、农场所有权、收入、家庭财务决策过程、宗教和教育程度已成为印度农民储蓄行为的重要预测因素。

原创性/价值

本研究首次使用 10,263 名农民的丰富样本揭示了印度农民的储蓄行为以及 FL 和 FC 对此类行为的影响，对现有文献做出了原创性贡献。