Financial security for street vendors
A STUDY conducted in 10 cities of India in 2012 shows that creation of vending zones gives street vendors social and financial security. In most of the cities studied, street vendors used their own savings to run their businesses— in Bhubaneswar (74.5 per cent), Delhi (65 per cent), Hyderabad (92 per cent), Indore (62per cent) and Mumbai (65.7 per cent).
The cities that had less than half the vendors running their businesses through their own savings included Bengaluru (47.5 per cent), Lucknow (26 per cent) and Patna (32.5 per cent). The lowest percentage was recorded in Imphal where 17 per cent women ran their business through their own savings. These vendors lead hand-tomouth existence and are not able to alleviate themselves from poverty.
The study was conducted by Sharit K Bhowmik and Debdulal Saha of the School of Management and Labour Studies and
CHAITANYA CHANDAN / CSE