SAVING HABITS OF RURAL HOUSEHOLDS

FINANCE

International Conference on Research avenues in Social Science

Individuals and families attitude towards money vary greatly. People have different behaviour towards savings and disparities in income levels. There are people who believe that money obtained today must be used to meet present needs and the future will care for itself (spenders). There are others who also hold the view that no matter how little one’s income is there is the need to save part of that income (savers). In this paper an attempt has been made to analyze saving behavior of rural household. The analysis reveals that most of the people belong to the agricultural family and that influences them to retain their surplus income for future savings. Their aim of savings might be used for further live hood,cultivation purpose or for the domestic needs and future need which ultimately leads to national savings. The national savings pave the way for investment in the infrastructural and economic development of the country

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