Shashank works as a consultant in the Government, Utilities, Infrastructure Development (GUIDe) division of Deloitte India. He has completed a Masters in Economics from Delhi School of Economics and Bachelors in Economics from St. Stephen’s College. His interests include social and policy issues.
A unique, informal banking system of rickshaw drivers in cities
04 Jun 2014
Seasonal, rural migrants that drive rickshaws in cities have little or no access to formal financial institutions. Based on a survey of over 100 rickshaw drivers in Delhi, this article highlights a unique mechanism used by the drivers for remitting earnings to their families back in villages, obtaining short-term loans, and managing their savings.
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