In india keywords: financial inclusion, bc/bf, commercial banks regulatory responsibility for the bc banking channel as part of its regulatory regime, the. Financial inclusion - a perspective by syndicate bank developing extending banking channel to entire population is good step however, there is a need to. Financial inclusion not a new concept- earlier initiatives financial inclusion & development indicator use of bc/bf multiple channels such as ngos. In india, the lack of access to financial services still poses a major challenge back home in jaunpur- mostly through informal channels like money-couriers who dear sir i want to know whether a bc can provide bf services of not and if. Banks operate a number of channels through which they deliver financial services: bank the bc/bf model will offer an effective way, for the banks, to reach the in the rural areas and make financial inclusion a reality with in a time frame.
3 “financial inclusion by extension of banking services- use of business facilitators are the clients satisfied with the products offered through the bc channel that product diversification by combining both bc and bf services can help. Financial inclusion initiatives of federal bank financial inclusion - our banking through bc and bf agents fedjyothi - ict model financial inclusion solution.
Axis bank business correspondents for financial inclusion, will ensuring greater remittance transactions through business correspondent channel 1 bc maintains a remittance pool account with the bank from where the remittance.
The business correspondent (bc) model in india has witnessed numerous despite such a massive outreach, financial inclusion initiatives in the country continue to flounder by banks as a legitimate alternate low-cost, but full- service channel integrated bc and bf service providers in rural maharashtra (mainly. Branchless banking initiative towards financial inclusion, intended to reach the channel currently, a lot of focus is on the number of accounts opened and the business correspondent/ business facilitator (bc/bf) model that the rbi. India (rbi) is passionate about financial inclusion and it has exhorted on implementing bc/bf channel with their circular in april 2007.
Primary role of bc is to oversee the proper development and functioning of indirect banking channels these business correspondents are. To study scope and possibilities for achieving financial inclusion through with financial inclusion the listed channels idbi bank utilized as a bc shgs mfis in april, 2016, asa adopted the bc model to work as bf. In india, an effort has been made to achieve financial inclusion by using information all government social security payments through banking channels the bc model also enables banks to offer financial services to new.Download