Vol. 11 Issue 2
Year:2016
Issue:Sep-Nov
Title:Feasibility Study of Business Correspondent/Business Facilitator Models for Financial Inclusion in Krishna District: Andhra Pradesh
Author Name:P.Raja Babu
Synopsis:
Financial inclusion, at first sight, needs to be viewed as 'money at the bottom of the pyramid' and business models should be so designed as self-supporting in the initial phase and profit making in the long-run. Business correspondents are retail agents engaged by banks for providing multiple services at lower cost to their clients at branchless bank network. It has been currently operational in countries such as Kenya, Brazil, and Columbia and in India as well. The main objective is ensuring greater financial inclusion through the use of Business Facilitators (BFs) and Business Correspondents (BC). A viable business model will be designed for untapped market to bring into the fold of banking services.
Year:2016
Issue:Sep-Nov
Title:Feasibility Study of Business Correspondent/Business Facilitator Models for Financial Inclusion in Krishna District: Andhra Pradesh
Author Name:P.Raja Babu
Synopsis:
Financial inclusion, at first sight, needs to be viewed as 'money at the bottom of the pyramid' and business models should be so designed as self-supporting in the initial phase and profit making in the long-run. Business correspondents are retail agents engaged by banks for providing multiple services at lower cost to their clients at branchless bank network. It has been currently operational in countries such as Kenya, Brazil, and Columbia and in India as well. The main objective is ensuring greater financial inclusion through the use of Business Facilitators (BFs) and Business Correspondents (BC). A viable business model will be designed for untapped market to bring into the fold of banking services.
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