1 / 10

Financial Inclusion of street vendors – Promotion of Micro Enterprises

Financial Inclusion of street vendors – Promotion of Micro Enterprises. State Bank Of India. Financial Inclusion. Finance to Street Vendors. Mostly rely on personal savings to invest in their personal, social and professional areas

kellid
Download Presentation

Financial Inclusion of street vendors – Promotion of Micro Enterprises

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Inclusion of street vendors – Promotion of Micro Enterprises State Bank Of India

  2. Financial Inclusion

  3. Finance to Street Vendors • Mostly rely on personal savings to invest in their personal, social and professional areas • Work on turnover basis and often avail recourse to high interest loans from non-institutional lenders • High repayment capacity but absence of Collateral and firm domiciliary status restrict institutional credit

  4. Challenges associated with Financial Inclusion of Street Vendors • Lack of KYC documents • Lack of Financial literacy • Lack of financial accessibility • Lack of regular Substantial income (Uncertainty) • Low level of savings • Unable to provide security against Credit

  5. Prospective Solutions

  6. ContributionUnder Mudra Loan, SBI has disbursed 5.28 lakhcrore to 11.96 crore beneficiaries during last 3 years.

  7. THANKS

More Related