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Category: Business Correspondent Model

Business Correspondent Model: Why Co-operative Banks are ideally suited to adopt Business Correspondent Model?

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Business Correspondent Model: Are Co-op. Banks more realistic choice for BC adoption?

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.

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Business Correspondent Model: An Ideal Approach to Serve the Unbanked Sectors

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