Fi­nan­cial se­cu­rity for street ven­dors

Down to Earth - - ANALYSIS -

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

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