Abstract
The role and relevance of religion in influencing the access to and use of finance has been an evolving area of research. In this context, exploiting disaggregated household-level data for India, we analyze the role of religion in influencing such behavior. Our findings suggest a significant disparity in both the access to as well as the use of finance by religion. On average, Muslim households are 17% less likely to own a bank account, after controlling for other relevant household and state-level characteristics. Similarly, Muslim households are 8% less likely to use bank account. Finally, we find that the interest rate is a key factor driving the use of formal finance by Muslims in the Indian context.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
