Measuring Financial Capability of the Street Vendors in Vallabh-Vidyanagar

Abstract

Financial capability of an individual is the ability to use and manage financial products for current and future financial needs with adequate financial knowledge. This Paper assess street vendors: education, age, business experience, and daily turnover significantly affect the financial capability of an individual in Vallabh Vidyanagar. Moreover, street vendor’s awareness and usage of various governments scheme for their business. Also this paper examine financial capability on four dimensions- financial management to meet current needs, future financial planning, financial products management, and financial knowledge using a sample of street vendors in Vallabh Vidyanagar, Gujarat India.