Small saving in India with special reference to Saving pattern of weavers in Handloom sector of Bodoland Territorial Area Districts(BTAD), Assam, India

Abstract

Small saving scheme is one of the key investment avenues for individual investor. It encourages small-income investors to invest and earn high returns and to save on income tax as well.  In this paper the growth of small saving from 2001-02 to2017-18 has been analyzed by adopting non linear growth model. The paper also examined factors leading to saving differential of weavers in the handloom sectors of BTAD areas. The study is based on both primary and secondary data. To determine the relationship between various variables multiple regressions has been used. It is found that saving of weaver is positively determined by their monthly wages and negatively by family size and they are found significant at 1 percent level. Again the saving of weavers is found to be negatively determined by dependent children. Saving differences among gender and community is found insignificant, that mean we cannot say whether saving is greater (smaller) for male than female and for STs than non ST. So we cannot find a differences in saving behaviour among gender and community although there's found a significant difference in saving among marital status and types of weaver.