Definition
Remittances are the transfers, in either cash or kind, to the households by their former members who had migrated out. For the purpose of this survey, the former household members who had migrated out any time in the past, will only be considered and the transfers by them during the last 365 days will be treated as remittances. However, if such transfers are in the form of loans, these will not be considered as remittances. The valuation of the remittances received in kind will be done by considering the market value of the kind received by the household. If the cash remittances are in any foreign currency, exchange value of the cash remittances in Indian Rupee may be arrived at to determine the amount of remittances. It is, moreover, to be noted that amount of remittances may be arrived at considering both the remittances received through formally recorded channels as well as remittances sent through informal channels.