Scribd Logo
Upload

Welcome to Scribd!

  • 32 views

    Measuring Financial Capability of The Street Vendors: Summary

    Uploaded by

    Muhammad Hamza
    This document discusses measuring the financial capability of street vendors. It examines the importance of individual characteristics, business characteristics, and the presence of bank branches in determining an individual's financial capability. An ordinary least squares approach is used to examine the relationship between these factors. Financial inclusion and literacy are identified as important factors for making daily financial decisions.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd

    Measuring Financial Capability of The Street Vendors: Summary

    Uploaded by

    Muhammad Hamza
    32 views2 pages
    This document discusses measuring the financial capability of street vendors. It examines the importance of individual characteristics, business characteristics, and the presence of bank branches in determining an individual's financial capability. An ordinary least squares approach is used to examine the relationship between these factors. Financial inclusion and literacy are identified as important factors for making daily financial decisions.

    Original Description:

    BRM report

    Original Title

    report

    Copyright

    © © All Rights Reserved

    Available Formats

    RTF, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document discusses measuring the financial capability of street vendors. It examines the importance of individual characteristics, business characteristics, and the presence of bank branches in determining an individual's financial capability. An ordinary least squares approach is used to examine the relationship between these factors. Financial inclusion and literacy are identified as important factors for making daily financial decisions.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    32 views2 pages

    Measuring Financial Capability of The Street Vendors: Summary

    Uploaded by

    Muhammad Hamza
    This document discusses measuring the financial capability of street vendors. It examines the importance of individual characteristics, business characteristics, and the presence of bank branches in determining an individual's financial capability. An ordinary least squares approach is used to examine the relationship between these factors. Financial inclusion and literacy are identified as important factors for making daily financial decisions.

    Copyright:

    © All Rights Reserved
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    of 2

    Measuring Financial Capability of the Street Vendors

    SUMMARY :
    The report of the "Committee on Medium-term Path on Financial Inclusion" is an experts
    committee formed by the Reserve Bank of India (RBI) (RBI, 2015).According to State
    Level Bankers’ Committee (SLBC, 2018)of Odisha, there were 412 bank branches in
    Bhubaneswar, as against a city population of 838,000 (Census, 2011). Financial Literacy
    for 114 economies covering legal and regulatory framework, institutional arrangements,
    disclosure practices and financial education.

    The importance of individual characteristics, business characteristics, and presence of


    bank branches in the area in determining financial capability of an individual is examined
    here. We have used ordinary least square (OLS) approach to examine the relationship
    (SLBC Odisha 2018)Financial inclusion also helps those at the bottom of the pyramid, by
    providing them information on welfare policy instruments by the government (Bhanot et
    al., 2012).Financial literacy is an important factor in making day-to-day financial analysis
    and decisions (Lusardi and Mitchell, 2014; Hastings et al., 2013).

    REFERENCES:
    McKay, S. (2011). Understanding Financial Capability in Canada: Analysis of the Canadian
    Financial Capability Survey. Task Force on Financial Literacy.

    Bhanot, D., Bapat, V., and Bera, S. (2012). Studying financial inclusion in north-east India.
    International Journal of Bank Marketing, 30(6), 465-484.

    Birkenmaier, J., Curley, J., and Sherraden, M. (Eds.). (2013). Financial education and
    capability: Research, education, policy, and practice. Oxford University Press.

    Das, S. (2016). Financial literacy: measurement and determinants. Age, 18, 20.

    Elliott, W., Jung, H., Kim, K., and Chowa, G. (2010). A multi-group structural equation
    model (SEM) examining asset holding effects on educational attainment by race and
    gender. Journal of Children and Poverty, 16(2), 91–121.

    Lusardi, A., and Mitchell, O. S. (2014). The economic importance of financial literacy:
    Theory and evidence. Journal of Economic Literature, 52(1), 5-44.

    McKay, S. (2011). Understanding Financial Capability in Canada: Analysis of the Canadian


    Financial Capability Survey. Task Force on Financial Literacy.
    Lusardi, A., and Tufano, P. (2015). Debt literacy, financial experiences, and over
    indebtedness. Journal of Pension Economics and Finance, 14(4), 332-368.

    Reserve Bank of India (2015). Report of the Committee on Medium-term Path on


    Financial Inclusion Retrived from:Sen, A. (1993). Capability and well-being. In M.
    Nussbaum and A. Sen (Eds.), The Quality of Life. Oxford: Clarendon Press.

    Mishra, S., and Nathan, H. S. K. (2018). A MANUSH or HUMANS Characterisation of the


    Human Development Index. Journal of Human Development and Capabilities, 19(3),
    398415.

    State Level Bankers’ Committee (2018, October 31) Bank Branch Network. Retrieved
    from:Zeleny, M., and Cochrane, J. L. (1973). Multiple criteria decision making. University
    of South Carolina Press.

    You might also like