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Economic Evolution and Revolution in Historical Time$
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Paul W. Rhode, Joshua L. Rosenbloom, and David F. Weiman

Print publication date: 2011

Print ISBN-13: 9780804771856

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804771856.001.0001

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Rural Credit and Mobility in India

Rural Credit and Mobility in India

(p.243) Chapter 10 Rural Credit and Mobility in India
Economic Evolution and Revolution in Historical Time

Susan Wolcott

Stanford University Press

This chapter examines the operation of rural credit markets in the postbellum South in the mirror of colonial India. Using the records of the 1929–1930 Provincial Bank Enquiry Committees (PBECs) and data on Indian rural expenditures and finance from 1951–1952 by the All-India Rural Credit Survey (AIRCS), it investigates the nature of agricultural credit in colonial India in comparison to the Grameen Bank and postbellum U.S. South credit markets. The chapter also explores the relationship of the caste network and the credit system, and then concludes with a discussion of the effect of the credit system on the behavior of Indian cultivators.

Keywords:   rural credit markets, credit markets, India, PBECs, Grameen Bank, U.S South

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