Category: Business Correspondent Model
India has been witnessing poverty and exclusion for decades. A large segment of the society, those belonging to low income groups, have little or no access to formal financial services. In this regard, in the early 2000s, the agenda for financial Inclusion was emphatically underlined and gained prominence. Since then, over the years, the Indian government and the Reserve Bank of India (RBI) have been proactively undertaking numerous initiatives such as priority sector lending requirements for banks, Regional Rural Banks establishments, self-help group-bank linkage programmes etc.