Financial Services: A Case study of Street Vendors issues with reference to Gudiwada Town, Andhra Pradesh

Abstract : Financial services includes services of banking, insurance and risk management sectors and individual and corporate finance. Financial services provides finance which is used by the people to purchase goods on hire purchase. In the process of rendering financial services by the various financial institutes they earn the profit. A street vendor is a person who moves from one place to another place for selling of products in the streets of the towns and villages. They are categorised depending on their sale of goods or place of their business. Peddlers are those street vendors who sales goods by having a temporary selling public places in the streets. Majority of the street vendors are earning very low income per month. Even though street vendors are not getting enough credit facility from banks, but about 82 percentage of street vendors have their personal bank account. Most of the street vendors does not know about the benefits and security from the insurance it is evident with 82 percent of street vendors does not have insurance policy.