Financial Inclusion of the Marginalised

Street Vendors in the Urban Economy

  • Sharit K. Bhowmik
  • Debdulal Saha

Part of the India Studies in Business and Economics book series (ISBE)

Table of contents

  1. Front Matter
    Pages i-xxiv
  2. Sharit K. Bhowmik, Debdulal Saha
    Pages 1-17
  3. Sharit K. Bhowmik, Debdulal Saha
    Pages 19-39
  4. Sharit K. Bhowmik, Debdulal Saha
    Pages 41-59
  5. Sharit K. Bhowmik, Debdulal Saha
    Pages 61-71
  6. Sharit K. Bhowmik, Debdulal Saha
    Pages 73-91
  7. Sharit K. Bhowmik, Debdulal Saha
    Pages 93-102
  8. Back Matter
    Pages 103-134

About this book


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. 


Financial Accessibility Financial Inclusion Street Vendors

Authors and affiliations

  • Sharit K. Bhowmik
    • 1
  • Debdulal Saha
    • 2
  1. 1.Tata Institute of Social SciencesMumbaiIndia
  2. 2.Tata Institute of Social SciencesGuwahatiIndia

Bibliographic information

Industry Sectors
Finance, Business & Banking