ANALYSIS OF BUSINESS CORRESPONDENTS ROLE IN THE PROCESS OF FINANCIAL INCLUSION DRIVE

SUNIL D SOUZA; Dr. T.S. DEVARAJA

Volume : V, Issue : XI, November - 2016

ANALYSIS OF BUSINESS CORRESPONDENTS ROLE IN THE PROCESS OF FINANCIAL INCLUSION DRIVE

Sunil D Souza, Dr. T. S. Devaraja

Abstract :

To reach the unreachable with facilitating formal banking services at an affordable cost and effective financial inclusion objectives, Government of India and RBI initiated through introduction of Business Correspondents and Business Facilitators as an agent model from 2006 onwards. ?e role of Business Correspondents is to introduce the clients to the banks and also act as a banker with the clients for their financial needs by delivery of formal financial services which are available for them from the banks and governments. ?is paper is to study the effective role of Business Correspondents in the process of delivery of financial services in the process of financial inclusion drive, present paper discusses about the role of Business Correspondents considering nine different indicators such as Savings, Credit, Awareness, Suitability, Accessibility, Adequacy, affordability, Involvement and Quality Indicators which influence on the effective financial inclusion drive