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Best Village Business Ideas - Government of India initiative and Reserve Bank of India backed - Business Correspondents (BCs) Model of Banking - Banking Small Business Ideas

Business Correspondent (BC) Model of Banking:With a vision to enhance financial inclusion and provide last mile delivery of banking services in a viable manner for both the banks and the last-mile households, the Government of India has deployed Business Correspondent (BC) model of banking. The BCs are managed by the Outreach Banking units and provide a wide plethora of financial services and help in enhancing financial literacy in their respective catchments. [Also Read: Great Lock down Business Idea - Vehicle Sanitisation]






BCs help us increase the Banks & NBFCs reach by providing banking services at the last mile to the population. BCs leverage their local expertise and knowledge to provide access to formal sources of credit and financial services to the unserved and underserved segment.

BCs are considered as partners who provide valuable insights and understandings of the local market and help the Banks & NBFCs to serve the target population. By providing the platform and by …