Odisha Poorest In Country, 46% Farmers Debt-ridden, Took Loans At 30-50% Rate of Interest: NSSO

The NSSO Report All India Debt and Investment Survey 2019 has disproved the rosy picture of Odisha's growing per capita income. The condition of labourer households seems very wretched in the State

Condition of Labourer and Farmer Households Very Poor!

News Summary

In the Gini’s Coefficient of State-level asset distribution and rank of State by average asset value, Odisha has been ranked at the bottom - both rural and urban. State ranked 36.

The debt to asset ratio (DAR) of farmer households in Odisha is at a high-risk level. The DAR in Odisha is estimated at 5.5. The DAR value of farmer suicide-prone states is also high.

Even as the Odisha Government has been claiming of bringing in rapid economic growth and a consequent rise in per capita income of the people in the State, the All India Debt and Investment Survey by National Sample Survey Organisation seems to have pricked the much-touted rapid growth bubble.

The big bombshell dropped is, Odisha finished as the poorest state in the country. In the indicator of the average value of assets (AVA) per household, both the urban and rural.Odisha holds the lowest asset value at hand in the country.