The study assesses the impact of credit accessibility on the earnings of self-employed small businesses in India. Using unincorporated non-agricultural enterprises survey data provided by National Survey Sample Organisation (NSSO) on the Indian economy for the year 2015-16, the paper shows that access to credit augments earnings of self-employed businesses. The paper also separately shows the impact of credit availed from formal and informal lending agencies on self-employment earnings. Interestingly, we observe that both these lending agencies have a positive impact, even though the terms and conditions are not favourable in the informal market. Based on our findings we suggest for creation of informal-formal credit linkage programme akin to that of SHG bank linkage programme in which enterprises that do not possess accessibility to formal sources due to absence of collateral can also get formal credits through informal lenders at favourable terms and conditions.

该研究评估了信贷可获得性对印度自营小企业收入的影响。使用国家调查样本组织（NSSO）提供的非注册非农业企业调查数据，该数据显示了2015-16年度印度经济的发展，表明获得信贷可以增加个体户的收入。该文件还分别显示了正规和非正规贷款机构提供的信贷对自营职业收入的影响。有趣的是，尽管条款和条件在非正式市场上不利，我们注意到这两个贷款机构都产生了积极的影响。