International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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FORMAL FINANCE FOR THE INFORMAL SECTOR: A CASE STUDY OF INDIA

    2 Author(s):  ANJALI BANSAL, REENA JAIN

Vol -  13, Issue- 4 ,         Page(s) : 142 - 156  (2022 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

All economic systems contain an unorganised (informal) sector, the proportion being substantially greater for the less developed economies, in comparison to the developed ones. The sector generates income-earning opportunities for the masses thereby helping in poverty alleviation. The growth of the Indian economy is largely driven by the informal sector. In this paper an attempt has been made to assess its access to institutional finance; to find the relative dependence on different sources of finance; to identify the reasons deferring this sector from reaping the benefits of institutional finance; to study various government initiatives for increasing finance to this sector, and making appropriate policy prescriptions based on the findings.

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