Publication Details
Abstract
Savings is an important determinant of economic growth of a country. It is the part of disposable income which is kept aside for future consumption. The Classical, Neo-classical and New growth theories also highlighted the importance of saving as a determinant of aggregate production function of an economy. Empirical evidences also show that countries with a higher saving rate will have a higher level of output per capita. In this paper an attempt has been made to identify the determinants of saving among rural households by using Multiple Regression Model and for this a sample survey of 120 samples collected randomly from Gomariguri village of Golaghat District, Assam. The results of the study reveal that gender, primary occupation, income level, and SHG membership significantly influence monthly per capita savings. In contrast, variables such as age, education, and dependency ratio do not have a statistically significant impact on savings. The findings highlight the importance of financial inclusion for women, income diversification through non-farm employment, and the role of SHGs in fostering savings behavior.