As per the latest All-India Debt and Survey (AIDIS), the rural household indebtedness inPunjabhas increased from 33.1% in the year 2012 to 35.1% in 2018, Union finance minister for state Pankaj Chaudhary informed Lok Sabha on Monday. Similarly, the urban household indebtedness in Punjab has also witnessed nearly 2% increase from 18.3% to 20.6% during the same period.
The Average national rural household indebtedness was recorded at 35% and the average national urban household indebtedness at 22.4% in 2018. Chaudhary was responding to a question put by Congress MP from Ludhiana Ravneet Singh Bittu.
Similarly, in the hill state of Himachal Pradesh, the rural household indebtedness witnessed an escalation from 26% to 27.3% and the urban household indebtedness an increase from 21.9% to 23.9% between 2012 and 2018.