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UNORGANISED SECTOR - Unorganised Worker Social Security Act,2007

UNORGANISED SECTOR - Unorganised Worker Social Security Act,2007 Part of: GS-II- Labour reforms (PT-MAINS-PERSONALITY TEST) The Ministry of Labour, Government of India, has categorised the unorganised labour force under four groups depending on occupation, nature of employment, specially distressed categories and service categories. They are: Under Terms of Occupation: Small and marginal farmers, landless agricultural labourers, share croppers, fishermen, those engaged in animal husb

Street vendor loans an uncharted turf for big banks- Analysis

Street vendor loans an uncharted turf for big banks- Analysis Part of: GS-III- Economy  (PT-MAINS-PERSONALITY TEST) Commercial banks have no experience extending such loans; small finance banks, MFIs with speedy disbursal could help The recent announcement by the government to offer loans to street vendors has caught commercial banks of the country off guard. The reason is simple: hardly any such loans were extended by these banks in the past. Issues and Imp points They h

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