International Journal of Research in Finance and Marketing
  • Year: 2016
  • Volume: 6
  • Issue: 2

Consumer awareness about their rights and Grievance Redressal Mechanism: An Empirical Study

  • Author:
  • Gagandeep Banga1, Babita Kumar2, Karan Wadhwa3
  • Total Page Count: 10
  • Page Number: 73 to 82

1Professor, School of Business Studies, Punjab Agricultural University, Ludhiana

2Professor, School of Business Studies, Punjab Agricultural University, Ludhiana

3Student, School of Business Studies, Punjab Agricultural University, Ludhiana

Online published on 20 May, 2016.

Abstract

Consumer rights awareness is vital to the society and a way to eliminate malpractices by the manufacturer, producers and marketers. The consumer courts conduct grievance handling and strive for a transparent method such that essential commodities and services reach the consumers and keep the service providers as well as manufacturers, marketers at a bay. The Consumer Protection Act, 1986 makes provision for the establishment of consumer councils and other authorities for the settlement of consumer disputes and for matters connected therewith. The present study was conducted to study the consumer awareness about their Rights, Consumer Protection Act and Grievance Redressal Mechanism. The population for the first objective consisted of all the consumers of the Ludhiana city. A sample of 100 consumers was selected on convenience sampling basis. The study revealed that majority of the consumers are aware about the consumer protection act, consumer rights, responsibilities and grievance redressal mechanism. It was seen that most consumers are exploited by the retailer and service provider and many of them seek redressal. Still, there is need to educate the consumer about his rights.

Keywords

Consumer Rights, Consumer Protection Act, Grievance Redressal Mechanism, Consumer Awareness, Consumer satisfaction