Tag: BC model

The study was conducted to improve the current body of knowledge around the status of the BC model in Bihar, to provide recommendations to improve the effectiveness of the model and to offer inputs to policymakers.

Direct Benefit Transfer program was thought to be effective method of achieving goal of financial inclusion. Its effectiveness was thought to be an outcome of necessity of making payments to individual bank accounts and also because of regularity of payments. However, due to operational issues its progress does not inspire much hope. At best DBT […]

Driven by the government’s financial inclusion agenda, as the BC model expands in multiple forms, banks and BCNMs are experiencing new consumer demand and expectations.

The study on Business Correspondent Models in Bihar- Constraints and Way Forward was commissioned by DFID’s PSIG Programme and SIDBI to improve the current body of knowledge around the status of the BC model in Bihar, to provide recommendations to improve the effectiveness of the model and to offer inputs to policymakers.

Direct Benefit Transfer program was thought to be effective method of achieving goal of financial inclusion. Its effectiveness was thought to be an outcome of necessity of making payments to individual bank accounts and also because of regularity of payments. However, due to operational issues its progress does not inspire much hope. At best DBT […]

Speaking with us, Puneet Chopra, MSC’s Domain Leader- Digital Financial Services: Banks/Product Innovation, shares his views on business correspondent model in India and explains how interoperability of BC channels can enhance the confidence of stakeholders, such as the government, banks and BCNMs, in the system. Taking the conversation ahead, he observes the dichotomy of what is […]