MSC conducted the evaluation of an e-KYC pilot for Bangladesh Bank, which introduced an electronic Know Your Customer (e-KYC) system to boost financial inclusion in the country. This report highlights the stakeholder’s experience with the new e-KYC system as compared to the manual paper-based system. The report also details the regulatory point of view of building a robust e-KYC ecosystem in the country and highlights the technical and functional challenges encountered during the process.
The Government of India currently provides subsidies to fertilizer manufacturers instead of beneficiary farmers through Direct Benefit Transfer in fertilizer. The government has planned for the Direct Cash Transfer (DCT) of fertilizer subsidy into the bank accounts of farmers. This note discusses two alternative models for DCT of fertilizer subsidy to maximize the benefits for farmers and reduce the fiscal burden of the subsidy. It further explores potential issues that beneficiary farmers could face under each model.
The initial growth of the business correspondent model in India was driven by BC agents, who were deployed as an extension of the branch network. However, they face several hurdles that affected their efficiency and eventually paved the way for “new-age BCNMs,” who rely on technology to deliver better services. This paper explores how these two models complement each other to achieve the objectives of financial inclusion in India.
This presentation on awareness, communication, and outreach highlights the need for the integration of key communication components for effective implementation of SPPs.
