The RHS 2007 also reports that many of the households in the district do not have any safety-

net
in terms of past savings
.As per Survey it indicate that about 46 percent of the families remain indebted because they
cannot meet their economic needs from own savings.
25.61 percent of the households reported to meet their every day needs by taking loans from
familiar persons (friends and relatives). 8.87 percent took loans from familiar persons for
meeting production related needs. Loans from unrecognized agencies for meeting particular
needs were reportedly taken by 17.88 percent of the families. 6.48 percent of the families in rural
North 24 Parganas reported that they have
The survey however revealed that 51.27 percent of the households covered in this survey did not
have enough income so that they could save a part of their earnings (comparable percentage in
RHS appears to be 45.85). Out of 500 households in riverine area, 242 reported that they could
not save.
In rural North 24 Parganas, the number of households entering in the credit market as
loan taker was much higher than the number of households in no savings group (Table 8.2.13
and Table
8.2.12). This is largely explained by the fact that many of the rural households that belonged to
the group of
savers are living in the margin.