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Feasibility Study of Business Correspondent/Business Facilitator Models for Financial Inclusion in Krishna District: Andhra Pradesh

P. Raja Babu*

*Associate Professor and Alternate HoD, KLU Business School, Andhra Pradesh, India.

Periodicity:September - November'2016
DOI : https://doi.org/10.26634/jmgt.11.2.8188

Abstract

Financial inclusion, at first sight, needs to be viewed as 'money at the bottom of the pyramid' and business models should be so designed as self-supporting in the initial phase and profit making in the long-run. Business correspondents are retail agents engaged by banks for providing multiple services at lower cost to their clients at branchless bank network. It has been currently operational in countries such as Kenya, Brazil, and Columbia and in India as well. The main objective is ensuring greater financial inclusion through the use of Business Facilitators (BFs) and Business Correspondents (BC). A viable business model will be designed for untapped market to bring into the fold of banking services.

Keywords

Business Correspondents, Reserve Bank of India, Ultra Small Branches, Swabhiman Campaign.

How to Cite this Article?

Babu, P.R. (2016).Feasibility Study of Business Correspondent/Business Facilitator Models for Financial Inclusion in Krishna District: Andhra Pradesh. i-manager’s Journal on Management, 11(2), 41-49. https://doi.org/10.26634/jmgt.11.2.8188

References

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