BCRC India

during the last 15years,business correspondents have played a major role in financial inclusion space to cover the uncovered ,reach the unreached and secure the unsecured people on their own under the aegis of various banks. they have driven fi initiatives of govt of india to cover the marginalized and vulnerable section of people under social net. specially after launch of pmjdy and social security schemes in 2014,the channel has risen to the occasion and grown leaps and bounds and taken its roots deep to stand as a robust alternate model in the financial map of india. bc model has the potential to be very successful nevertheless much still to be done to validate its inclusion in the financial sector. the model has passed the initial stages of adoption and future efforts would need to concentrate on instituting changes at the policy level if the channel was to be made viable and sustainable.