product description page

Financial Inclusion of the Marginalised : Street Vendors in the Urban Economy (Reprint) (Paperback)

Financial Inclusion of the Marginalised : Street Vendors in the Urban Economy (Reprint) (Paperback) - image 1 of 1

about this item

This book is the product of a study conducted by the Tata Institute of Social Sciences (TISS) in collaboration with the United Nations Development Programme (UNDP) and Ministry of Urban Housing and Poverty Alleviation (MoHUPA). Its objective is to highlight some of the problems faced by street vendors in conducting their daily business and to examine how financial institutions, especially those in the banking sector, can include street vendors in their credit policies. Data was collected from 15 cities across the country. Not surprisingly, while issues such as public space utilisation have been deliberated upon at length, those concerning the nature of credit transactions and concurrently the financial inclusion of street vendors have scarcely received focussed attention. In the absence of formal credit, street vendors largely depend on loan sharks, who charge high interest rates ranging from 350% to 800% per annum.  The problem of formal credit aside, another equally important factor is the inflexible attitude of the civic authorities towards street vending. Given their informal status, this is particularly apparent because they are forced to conduct business in the absence of legal protection, making them vulnerable to rent seeking by the authorities. The acceptance of the National Policy for Urban Street Vendors by a few states and the subsequent bill to protect the livelihood of street vendors should help them gain legitimacy and subsequently credit to run their businesses at proper rates. The book examines and analyses these issues. ?  
Edition: Reprint
Genre: Business + Money Management
Series Title: India Studies in Business and Economics
Format: Paperback
Publisher: Springer Verlag
Author: Sharit K. Bhowmik
Language: English
Street Date: September 16, 2016
TCIN: 51656786
UPC: 9788132217534
Item Number (DPCI): 248-28-1951

guest reviews

Prices, promotions, styles and availability may vary by store & online. See our price match guarantee. See how a store is chosen for you.