TY - BOOK ID - 8211229 TI - Financial inclusion of the marginalised : street vendors in the urban economy AU - Bhowmik, Sharit AU - Saha, Debdulal. PY - 2013 SN - 8132217535 8132215052 8132215060 PB - New Delhi : Springer, DB - UniCat KW - India -- Economic conditions -- 21st century. KW - India -- Social conditions. KW - Moneylenders -- India. KW - Street vendors -- India. KW - Business & Economics KW - Economic Theory KW - Financial exclusion -- India. KW - Street vendors. KW - Vending stands. KW - Urban economics. KW - Cities and towns KW - City economics KW - Economics of cities KW - Market stalls KW - Roadside stands KW - Sidewalk vending KW - Stalls, Market KW - Stalls, Vending KW - Stands, Roadside KW - Stands, Vending KW - Vending stalls KW - Vendor stalls KW - Vendor stands KW - Street people (Street vendors) KW - Vendors, Street KW - Economic aspects KW - Finance. KW - Public finance. KW - Labor economics. KW - Development economics. KW - Economics. KW - Development Economics. KW - Labor Economics. KW - Finance, general. KW - Public Economics. KW - Economics KW - Retail trade KW - Street vendors KW - Merchants KW - Peddlers KW - Vending stands KW - Cameralistics KW - Public finance KW - Currency question KW - Funding KW - Funds KW - Economic development KW - Public finances KW - 2000-2099 KW - India KW - India. KW - Economic conditions KW - Bharat KW - Bhārata KW - Government of India KW - Ḣindiston Respublikasi KW - Inde KW - Indi KW - Indien KW - Indii͡ KW - Indland KW - Indo KW - Republic of India KW - Sāthāranarat ʻIndīa KW - Yin-tu UR - https://www.unicat.be/uniCat?func=search&query=sysid:8211229 AB - 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. . ER -