| dc.description.abstract | It is believed that a substantial part of financial transactions in India occurs outside
the regulated formal financial sector comprising banks, insurance firms, NBFCs and
microfinance institutions. A variety products and services are offered by entities in the
informal sector for mobilizing savings from households, meeting their need for money
and helping them remit money. Understanding why such informal markets exist
and how these markets function will provide basis for appropriate policy response.
The research would attempt to deepen the understanding about financial products
and services offered by the informal markets for (i) mobilizing savings, (ii) lending
money, and (iii) transferring funds. The research will use an empirical approach of
enquiry based on interaction with providers and users of products and services in the
informal markets. The analysis will use theoretical frameworks and concepts available
in finance and economics to understand the economics of and the motivations for the
transactions. | en_US |
