Financial Inclusion of the Marginalised

Street Vendors in the Urban Economy

Business & Finance, Career Planning & Job Hunting, Labor, Finance & Investing, Finance
Cover of the book Financial Inclusion of the Marginalised by Sharit K. Bhowmik, Debdulal Saha, Springer India
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Sharit K. Bhowmik, Debdulal Saha ISBN: 9788132215066
Publisher: Springer India Publication: July 3, 2013
Imprint: Springer Language: English
Author: Sharit K. Bhowmik, Debdulal Saha
ISBN: 9788132215066
Publisher: Springer India
Publication: July 3, 2013
Imprint: Springer
Language: English

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. 

​  

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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. 

​  

More books from Springer India

Cover of the book Basic and Applied Aspects of Biopesticides by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Characterization of Improved Sweet Sorghum Cultivars by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Theory of Third-Order Differential Equations by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Nuclear Medicine by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Genetic Manipulation in Plants for Mitigation of Climate Change by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Fluid Mechanics and Fluid Power – Contemporary Research by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Frontier Discoveries and Innovations in Interdisciplinary Microbiology by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Indian Stock Market by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Co-Creation and Learning by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Statistical Signal Processing by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Innovation By Design by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Nonlinear Analysis by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Proceedings of 3rd International Conference on Advanced Computing, Networking and Informatics by Sharit K. Bhowmik, Debdulal Saha
Cover of the book Principles and Practice of Lacrimal Surgery by Sharit K. Bhowmik, Debdulal Saha
Cover of the book The Mathematical Legacy of Srinivasa Ramanujan by Sharit K. Bhowmik, Debdulal Saha
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy