Date of this Version
Journal of the European Economic Association
State-led credit and savings programs have been implemented in numerous low income countries, but their success in reaching the poor remains widely debated. We report on research that exploits the policy features of the Indian social banking program to provide evidence on this issue. State-led branch expansion into rural unbanked locations reduced poverty across Indian states. In addition, the enforcement of directed bank lending requirements was associated with increased bank borrowing among the poor, in particular low caste and tribal groups. (JEL: O38, G28)
This is the peer reviewed version of the following article: Burgess, R., Pande, R. and Wong, G. (2005), BANKING FOR THE POOR: EVIDENCE FROM INDIA. Journal of the European Economic Association, 3: 268–278., which has been published in final form at doi: 10.1162/jeea.2005.3.2-3.268. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving http://olabout.wiley.com/WileyCDA/Section/id-820227.html#terms.
Burgess, R., Pande, R., & Wong, G. (2005). Banking for the Poor: Evidence From India. Journal of the European Economic Association, 3 (2-3), 268-278. http://dx.doi.org/10.1162/jeea.2005.3.2-3.268
Date Posted: 27 November 2017
This document has been peer reviewed.