National Family Health Survey-5: Jump in women using bank accounts, phones

All 14 states surveyed in the second one segment of National Family Health Survey-5 (NFHS-5) reported an important soar over the past 5 years within the choice of ladies having a checking account that they themselves use.

The all-India figures display with regards to 80% ladies now have a checking account that they use — from 53 consistent with cent in 2015-16 to 78.6 consistent with cent in 2019-21.

The findings, in conjunction with knowledge on ladies proudly owning a area or land, and the ones proudly owning cell phones, be offering important insights into financial and social standing of girls, and their position in decision-making, in Indian families.

While the low price lists since overdue 2016 noticed cell phone use amongst ladies surging throughout states, Haryana and Chandigarh noticed a drop within the percentage of girls proudly owning a cell phone that they used themselves. In Haryana, as an example, at 50.4% in 2020-2021, a smaller share of girls used cell phones, a slight dip from 50.5% in 2015-16. The Union territory of Chandigarh additionally noticed a decline within the proportion of girls proudly owning cell phones — from 74.2% in 2015-16 to 70% now.

The all-India determine for telephone use amongst ladies went up from 45.9% in 2015-16 to 54% in 2019-21.

The knowledge display that some of the 14 states, barring MP, Odisha, Uttarakhand, Delhi NCT and Puducherry, land/ area possession amongst ladies went up.

Punjab and Uttar Pradesh bucked the rage witnessed in massive agrarian states of low land possession amongst ladies. In Punjab, as an example, some of the ladies surveyed, 63.5% owned a area or a land (by myself or collectively) in 2020-21, in comparison to 32.1% in 2015-16. In Uttar Pradesh, every other massive agrarian state, the proportion of girls proudly owning land/area went up — from 34.2% in 2015-16 to 51.9% in 2020-21.

But in MP and Rajasthan, the opposite two large agrarian states, land/area possession amongst ladies both fell or failed to turn a lot development. In MP, 39.9% of the ladies surveyed owned a area or a land in 2020-21, in comparison to 43.5% in 2015-16. In Rajasthan, the quantity used to be 26.6% for 2020-21, a marginal development from 24.1% in 2015-16.

On the metric of girls having financial institution accounts that they themselves use, there’s been a pronounced surge, with MP, Jharkhand, Odisha, Puducherry, and Punjab topping the record. In MP, the proportion of girls having a checking account greater to 74.7% in 2020-21 from 37.3% in 2015-16, whilst in Jharkhand it greater to 79.6% from 45.1% in 2013-16, the survey confirmed.

Bankers and researchers characteristic the soar in checking account use to the position of the account opening power performed beneath PM Jan Dhan Yojana over the past seven years, which enabled ladies and families to return throughout the banking fold.

“The significant jump in women having a bank account (more than 80% )… is a reflection of the growing women empowerment and thereby a say in the household’s financial decision-making. Interestingly, more than half of the Jan Dhan accounts have been opened by women and even more than half of the workers on the recently launched E-Shram portal are women,” mentioned Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI.

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