Fine grain-Finance: financial choice and strategy among the poor in rural North India
This report gives a description of the financial life of residents with a limited basis for cash-crop and off-farm opportunities, hence restricting them to size of landholding as a critical indicator of wealth and status and influences access to cheap bank finance.The authors demonstrates that the use of informal mechanisms like reciprocal gifts, interest-free lending and borrowing and taking credit in kind from shopkeepers, is widespread and does not decrease with increasing wealth.