CSC BAK BC Financial Inclusion in India

 

Financial Inclusion in India

CSC BANK BC BUSINESS CARPENTERS

In the last couple of years, India has witnessed important developments that have significantly impacted the delivery of financial inclusion (FI) services right up to the grassroots. The term "financial inclusion" has gained momentum in past few years, as a result of findings about 'financial

exclusion and its direct correlation to poverty'. With that, achieving FI became a common objective for many central banks and Governments among the developing nations.

In India, the big push came on April 26, 2010, when Reserve Bank of India (RBI), as part of its FI mandate issued guidelines to Banks for delivery of financial services through the Common Services Centres (CSCs). The RBI in its Annual Policy Statement for the year 2010-11, allowed banks to engage companies (excluding Non Banking Financial Companies (NBFCs) registered under the Indian Companies Act, 1956, as Business Correspondents (BCs) in addition to individuals/entities permitted earlier. Further, the RBI allowed banks to engage the Common Service Centres' Operators / Village Level Entrepreneurs as BCs.

Further, February 15, 2011 was another landmark day, as “Swabhiman” Scheme was formally launched. The objective of the Scheme is to "make banking facility available to all citizens". Besides this, Department of Financial Services, Government of India issued instructions to Banks to appoint CSC as the Business Correspondent. Specifically, these initiatives and some other related developments set in motion the financial inclusion agenda in the country.

Registration Process for “BANK MITR EXAM”:

All VLE’s can register for Bank Mitr through Digital Seva Portal. The URL to register for this service and appear for exam is http://164.100.115.10/banking/
The below process flow depicts the life cycle of becoming “BANK MITR” from VLE.

Commission:

Initial implementations indicated that when banking is linked with disbursement of rural Government scheme benefits and wages, a BC can earn a minimum of Rs. 3000 per month, per CSP. Currently many VLEs are earning more than Rs. 20, 000 per month.

• Video Guide:

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• How to register for Bank Mitra https://youtu.be/ZjE7A8iid54
• https://youtu.be/on0OmstBXgg
• https://youtu.be/za04uhudQTA
• https://youtu.be/KvLOpoBT7gE

Point of Contact:

Name	Designation	Email Id	Contact
Nidhi Pal	Executive	nidhi.pal19@nic.in	9582695483
Gaurav Sharma	Executive	gaurav.sharma88@nic.in	8802771616
Naveen Kumar	Executive	naveen.kr@csc.gov.in	9891681743
Satybrat Nayak	Executive	satyabrat.nayak@csc.gov.in	9953535298
Gaurav Yadav	Executive	Gaurav.yadav@csc.gov.in	9990066051
Ashutosh Singh	Senior Executive	ashutosh@csc.gov.in	9990087948
Anuj Tayal	Senior Executive	anuj.tayal@csc.gov.in	9717819008
Vidhi Diwakar	Manager	vidhi.diwakar@csc.gov.in	9958003909
Harish Oberoi	Manager	harish.oberoi@csc.gov.in	9971382233
Riaz Mohammed	HOD	Riaz.mohd@nic.in	9911176980