A Study on Difficulties Faced by the Street Ventors to Avail Loan in Tiruchirappalli District

International Journal of Economics and Management Studies

© 2016 by SSRG - IJEMS Journal

Volume 3 Issue 11

Year of Publication : 2016

Authors : Dr. V. Jaishankar, Mrs. L.Sujatha

10.14445/23939125/IJEMS-V3I6P109

How to Cite?

Dr. V. Jaishankar, Mrs. L.Sujatha, "A Study on Difficulties Faced by the Street Ventors to Avail Loan in Tiruchirappalli District," SSRG International Journal of Economics and Management Studies, vol. 3,  no. 11, pp. 12-16, 2016. Crossref, https://doi.org/10.14445/23939125/IJEMS-V3I6P109

Abstract:

 In all Indian cities, street vendors provide a low cost, decentralized and highly efficient system of distribution of a wide variety of goods of daily needs ranging from fruit and vegetables to clothes, utensils and many others. They reach the consumers at convenient locations, without whom people would have to travel large distances to procure these goods. The middle and lower income groups buy a large proportion of daily goods from these vendors at reasonable rates often lower than the formal stores. Access of capital is an important economic linkage that ties street trade to the economy which affects the vendor’s economic activities, profits and potential business growth .Capital is needed for initiating the business and later, for running and expanding the business through buying new merchandise. Seven sources of capital have been identified which are personal savings, family, money lenders, banks and cooperatives, organization, local retails and whole sellers etc. Street vendors have only above two sources for their business activities. The present study is an attempt to know practical difficulties to avail money to do business.

Keywords:

Access in capital, Too much of procedure, financial position of street vendors.

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