According to a survey conducted in 2024 among Indian farmers who used financial services, most of them utilized digital payment options and ** percent indicated the use of crop insurance. However, approximately half of the respondents stated that they do not plan to use any financial services in the future.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆÆ½â°æ can support your business.
McKinsey & Company, & McKinsey India. (January 14, 2025). Share of financial services used by farmers in India in 2024, by type [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 30, 2026, from /statistics/1551960/india-financial-services-used-by-famers-type/
McKinsey & Company, und McKinsey India. "Share of financial services used by farmers in India in 2024, by type." Chart. January 14, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 30, 2026. /statistics/1551960/india-financial-services-used-by-famers-type/
McKinsey & Company, McKinsey India. (2025). Share of financial services used by farmers in India in 2024, by type. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 30, 2026. /statistics/1551960/india-financial-services-used-by-famers-type/
McKinsey & Company, and McKinsey India. "Share of Financial Services Used by Farmers in India in 2024, by Type." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 14 Jan 2025, /statistics/1551960/india-financial-services-used-by-famers-type/
McKinsey & Company & McKinsey India, Share of financial services used by farmers in India in 2024, by type ÌÇÐÄÆÆ½â°æ, /statistics/1551960/india-financial-services-used-by-famers-type/ (last visited July 30, 2026)
Share of financial services used by farmers in India in 2024, by type [Graph], McKinsey & Company, & McKinsey India, January 14, 2025. [Online]. Available: /statistics/1551960/india-financial-services-used-by-famers-type/