Financial Inclusion Of  Street Vendors: With Special Reference To  Street Vendors Of Jorhat Town of Assam

Mr. Nitu Konwar

Volume : IV, Issue : XII, December - 2015

Financial Inclusion Of Street Vendors: With Special Reference To Street Vendors Of Jorhat Town of Assam

Mr. Nitu Konwar

Abstract :

Financial inclusion is an integral part of inclusive and sustainable growth process of an economy. Proper access to finance at an affordable cost to all the section of the society is a key requisite to economic growth. In a developing country like India, a large segment of the society, particularly, low income people have very little access to formal financial sector. Street vendors are one of the most marginalised, poor as well as vulnerable sectors of the urban areas of India. In this paper, the role of financial institution in enabling the street vendors to access the financial service is being studied as these segment can grow themselves as successful entrepreneur provided they receive financial services at affordable cost.