Income and Saving Habits Among Rickshaw Pullers in Ranchi

Jharkhand Journal of Development and Management Studies, Vol. 15, No.1, March 2017, pp. 7197-7209

13 Pages Posted: 7 Feb 2018

See all articles by Anant Kumar

Anant Kumar

Xavier Institute of Social Service, Ranchi

Joe Thomas

Partners in Population and Development

Sonal Wadhwa

Maitri India

Aprajita Mishra

Maitri India

Smita Dasgupta

Maitri India

Date Written: March 2017

Abstract

Income and its proper financial management is one of the major challenges for the Rickshaw Pullers. This study intends to explore and understand the income and saving habits among the Rickshaw Pullers in Ranchi city of Jharkhand state in India with special reference to challenges towards accessibility, affordability, and linkages with financial institutions and services rendered by them. The data was collected on one thousand Rickshaw Pullers from forty rickshaw garages in Ranchi city of Jharkhand. The findings of the study show that Rickshaw Pullers do not save money regularly because they lack access to financial services and institutions due to various reasons such as mistrust, ignorance, illiteracy and lack of documents such as identity proof. The study suggests that Rickshaw Pullers being a part of poor, marginalized and excluded population group should be linked to banking and other financial institutions, so that they can be brought into the mainstream with proper access and delivery of financial services. It is believed that saving habits and linkages with financial institutions will provide them financial security for themselves and their family members.

Keywords: Rickshaw Pullers, Income, Saving Habits, Jan-Dhan Yojana, Financial Services, Ranchi, Jharkhand, India

Suggested Citation

Kumar, Anant and Thomas, Joe and Wadhwa, Sonal and Mishra, Aprajita and Dasgupta, Smita, Income and Saving Habits Among Rickshaw Pullers in Ranchi (March 2017). Jharkhand Journal of Development and Management Studies, Vol. 15, No.1, March 2017, pp. 7197-7209, Available at SSRN: https://ssrn.com/abstract=3113063 or http://dx.doi.org/10.2139/ssrn.3113063

Anant Kumar (Contact Author)

Xavier Institute of Social Service, Ranchi ( email )

Dr. Camil Bulcke Path
Purulia Road
Ranchi, Jharkhand 834001
India
09934160637 (Phone)

HOME PAGE: http://xiss.ac.in

Joe Thomas

Partners in Population and Development ( email )

Dhaka
Bangladesh

Sonal Wadhwa

Maitri India ( email )

New Delhi
India

Aprajita Mishra

Maitri India ( email )

New Delhi
India

HOME PAGE: http://www.maitriindia.org

Smita Dasgupta

Maitri India ( email )

New Delhi
India

HOME PAGE: http://www.maitriindia.org

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