Informal sector is a very important area of the economy for any developing country; it is a growing occupational sector for the less skilled people, living both in urban and rural areas. The concept of ‘informal sector’ was first introduced by Hart (1971) describing it as a part of the urban labor force taking its place outside the structure of formal labor market. As a consequence the economic developments were to some extent compromised, therefore were comparatively unsuccessful to create adequate amount of contemporary jobs to counterbalance the mounting unemployment.