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BC Model: Key to Financial Inclusion by Prafulla Pawar is a document available to read on EtoBox.
What is BC Model: Key to Financial Inclusion about?
The document discusses the Business Correspondent (BC) model, which is a major enabler of financial inclusion in India. The BC model allows banks to partner with third-party agents to provide financial services like savings and credit to underserved areas. It helps bring more of the population into the formal banking system in a cost-effective manner. BCs are permitted to perform transactions on behalf of banks and facilitate access to banking in remote locations. The BC model reduces customer acquisition c
- Author
- Prafulla Pawar
- Language
- EN