Table 1 Demographic and socioeconomic...

Table 1

Demographic and socioeconomic profile and pattern of FL, FC and financial discipline of the sample farmers

Criteria	Attributes	Frequency	Percentage
Districts	Bardhaman	260	51.49%
Districts	Purulia	245	48.49%
Caste	General	147	29.11%
	OBC	225	44.55%
	SC	119	23.56%
	ST	14	2.77%
Gender	Male	443	87.72%
Gender	Female	62	12.28%
Age	15–25	38	7.52%
	25–35	70	13.86%
	35–45	90	17.82%
	45–55	135	26.73%
	55–65	113	22.38%
	65-over	59	11.68%
Income in INR	<50,000	234	46.34%
	50,000–100000	221	43.76%
	100,000–150000	38	7.52%
	>150,000	12	2.38%
Size of the Farmer	Marginal	205	40.59%
	Small	218	43.17%
	Semi-medium	76	15.05%
	Medium	6	1.19%
Households Size	Small Family	318	62.97%
Households Size	Large Family	187	37.03
Farmers Living area	Agriculturally advanced districts	260	51.49%
Farmers Living area	Agriculturally backward districts	245	48.49%
Medical Shocks	No	404	80%
Medical Shocks	Yes	101	20%
Education	Primary Education	175	34.65%
	Upper Primary Education	123	24.36%
	Secondary Education	115	22.77%
	Higher Secondary Education	56	11.09%
	Higher Education	36	7.13%
Risk attitude	Risk-averse	445	88.12%
Risk attitude	Risk taker	60	11.88%

Criteria	Attributes	Frequency	Percentage
Districts	Bardhaman	260	51.49%
Districts	Purulia	245	48.49%
Caste	General	147	29.11%
	OBC	225	44.55%
	SC	119	23.56%
	ST	14	2.77%
Gender	Male	443	87.72%
Gender	Female	62	12.28%
Age	15–25	38	7.52%
	25–35	70	13.86%
	35–45	90	17.82%
	45–55	135	26.73%
	55–65	113	22.38%
	65-over	59	11.68%
Income in INR	<50,000	234	46.34%
	50,000–100000	221	43.76%
	100,000–150000	38	7.52%
	>150,000	12	2.38%
Size of the Farmer	Marginal	205	40.59%
	Small	218	43.17%
	Semi-medium	76	15.05%
	Medium	6	1.19%
Households Size	Small Family	318	62.97%
Households Size	Large Family	187	37.03
Farmers Living area	Agriculturally advanced districts	260	51.49%
Farmers Living area	Agriculturally backward districts	245	48.49%
Medical Shocks	No	404	80%
Medical Shocks	Yes	101	20%
Education	Primary Education	175	34.65%
	Upper Primary Education	123	24.36%
	Secondary Education	115	22.77%
	Higher Secondary Education	56	11.09%
	Higher Education	36	7.13%
Risk attitude	Risk-averse	445	88.12%
Risk attitude	Risk taker	60	11.88%

Dimensions	Percentages of correct answers
Dimensions	Bardhaman	Purulia	Combined
Risk Diversification	44.62%	40.16%	42.46%
Inflation	45.77%	32.24%	39.21%
Numeracy	52.31%	47.35%	49.90%
Time Value of money I	33.85%	15.16%	24.80%
Time Value of money II	31.54%	13.47%	22.77%
Average FL Score	2.08	1.48	1.80
Poor $(0 \leq FL \leq 0.4)$	56.54%	74.69%	65.15%
Moderate $(0.4 \leq FL \leq 0.6)$	18.08%	14.69%	16.44%
High $(0.6 \leq FL \leq 1)$	25.38%	10.61%	18.42%
Financially confident	33.85%	24.49%	29.31%
Financially Disciplined	45.00%	20.00%	32.87%
Risk Diversification	44.62%	40.16%	42.46%

Dimensions	Percentages of correct answers
Dimensions	Bardhaman	Purulia	Combined
Risk Diversification	44.62%	40.16%	42.46%
Inflation	45.77%	32.24%	39.21%
Numeracy	52.31%	47.35%	49.90%
Time Value of money I	33.85%	15.16%	24.80%
Time Value of money II	31.54%	13.47%	22.77%
Average FL Score	2.08	1.48	1.80
Poor $(0 \leq FL \leq 0.4)$	56.54%	74.69%	65.15%
Moderate $(0.4 \leq FL \leq 0.6)$	18.08%	14.69%	16.44%
High $(0.6 \leq FL \leq 1)$	25.38%	10.61%	18.42%
Financially confident	33.85%	24.49%	29.31%
Financially Disciplined	45.00%	20.00%	32.87%
Risk Diversification	44.62%	40.16%	42.46%

Source(s): Authors’ own calculation

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