Table 4 Summary statistics of exogenous variables used in the empirical analysis
From: Credit off-take from formal financial institutions in rural India: quantile regression results
A | |||||
|---|---|---|---|---|---|
Variable | Definition of variable | Mean | Minimum | Maximum | n |
PIRRI | Percentage of agricultural land under assured irrigation in a particular village | 58.60 | 0 | 100 | 14 |
PELECTRIC | Percentage of households having access to electricity in a particular village | 72.73 | 3 | 98 | 14 |
AGRI | Average distance (in km) from agricultural infrastructures (e.g., Agriculture Produce Marketing Committee sub-yard, office of extension service providers, agricultural input retailers, and farm machinery dealers) | 5.15 | 0.83 | 10.33 | 14 |
EDU | Average distance (in km) from educational institutions | 2.23 | 0 | 6.5 | 14 |
FININS | Average distance (in km) from formal financial institutions (e.g., commercial banks and cooperatives) | 3.76 | 0 | 8.33 | 14 |
FAMTOT | Number of key social leaders (e.g., Panchayat Pradhani, government extension officers, local school head masters, and financial institution officials) whom the household is familiar with | 3.95 | 0 | 7 | 600 |
LOANAMT | Amount (in Indian Rupee - INRj) of loan made available | 20656.19 | 200 | 600000 | 888 |
TCOST | Borrower’s total transaction cost in INR | 246.89 | 0 | 2960 | 888 |
RAINT | Annualized interest rate in reducing balance | 18.47 | 0 | 61 | 888 |
B | |||||
Variable | Definition of variable | Frequency | Cumulative | ||
1 | 0 | ||||
CASTRDUM | Caste and religion:1 = Upper caste Hindu, 0 = Otherwise (Lower caste Hindu and minorities, such as Muslims) | 186 (31.00) | 414 (69.00) | 600 (100) | |
LANDD1 | Household is minimum from marginal farmer category (Yes = 1, No = 0) | 536 (89.33) | 64 (10.67) | 600 (100) | |
LANDD2 | Household is minimum from small farmer category (Yes = 1, No = 0) | 199 (33.17) | 401 (66.83) | 600 (100) | |
LANDD3 | Household is minimum from medium/large farmer category (Yes = 1, No = 0) | 69 (11.50) | 531 (88.50) | 600 (100) | |
IRRISTATD1 | At least a part of the agricultural land of the household has assured irrigation (Yes = 1, No = 0) | 343 (57.17) | 257 (42.83) | 600 (100) | |
IRRISTATD2 | Agricultural land of the household is covered under assured irrigation (Yes = 1, No = 0) | 188 (31.33) | 412 (68.67) | 600 (100) | |
ALACDUM | Household engaged in allied activity as fisheries/orchard/farm forestry (Yes = 1, No = 0) | 93 (15.50) | 507 (84.50) | 600 (100) | |
DWELLD1 | Household possesses at least a mud built house (Yes = 1, No = 0) | 580 (96.67) | 20 (3.33) | 600 (100) | |
DWELLD2 | Household possesses at least a mud and brick built house (Yes = 1, No = 0) | 285 (47.50) | 315 (52.50) | 600 (100) | |
DWELLD3 | Household possesses a brick built house (Yes = 1, No = 0) | 74 (12.33) | 426 (87.67) | 600 (100) | |
SANITD1 | Household having at least an open toilet (Yes = 1, No = 0) | 438 (73.00) | 162 (27.00) | 600 (100) | |
SANITD2 | Household with modern toilet facility (Yes = 1, No = 0) | 271 (45.17) | 329 (54.83) | 600 (100) | |
PURPDUM | Loan is for production purpose (Yes = 1, No = 0) | 525 (59.12) | 363 (40.88) | 888 (100) | |
SECDUM | Loan is secured by marketable collateral (Yes = 1, No = 0) | 294 (33.11) | 594 (66.89) | 888 (100) | |