BUSINESS CORRESPONDENTS AS A EFFECTIVE AGENT MODEL FOR FINANCIAL INCLUSION IN KARNATAKA

Name: IJSR - International Journal of Scientific Research
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Sunil D�souza; Dr. T.S Devaraja

Volume : V, Issue : VIII, August - 2016

BUSINESS CORRESPONDENTS AS A EFFECTIVE AGENT MODEL FOR FINANCIAL INCLUSION IN KARNATAKA

Sunil D Souza, Dr. T. S Devaraja

Abstract :

 The financial inclusion is the powerful strategy of the Government to include the excluded people from the financial services of formal financial institutions. Branch free banking agencies play a major role in terms of creating facilities to people for savings, Borrowings and other socio–economic developmental activities through productive utilization of people’s earnings. Business Correspondent Model is an initiative of Reserve Bank of India based on the suggestions of Government of India for agency model in financial inclusion. The present work is an descriptive study to analyse the role of BCs in financial inclusion process in Karnataka and evaluate the status of BCs with regard to its quantity and coverage.