Business Correspondent are retail agents engaged by banks for providing banking services at locations other than a bank branch/ATM. BCs enable a bank to provide its limited range of banking services at low cost. Hence, they are instrumental in promoting financial inclusion. The BC model allows banks to provide door-step delivery of services especially ‘cash in […]
Business Correspondent (BC) in Rajasthan Read More »
Bhamashah Yojana is a scheme introduced by the Government of Rajasthan to transfer financial and non-financial benefits of governmental schemes directly to recipients. Chief Minister of Rajasthan, Vasundhara Raje, inaugurated the scheme on 15 August 2014. The Scheme is family–based programme of financial inclusion, where each family is issued a ‘Bhamashah Card’. Bhamashah platform leverages
In a bid to promote financial inclusion the Union government has come up with ideas like Payment Banks & Small Banks. The RBI has recently granted ‘in principle’ approval for payment banks to 11 entities, including big names like Reliance Industries, Aditya Birla Nuvo and Tech Mahindra, as also Airtel and Vodafone. What is Payment Bank? Payment
