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Sampoorn Vittiya Samaveshan Mission to be Launched Soon to Provide all Households with Banking Services
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....ampoorn Vittiya Samaveshan Mission to be Launched Soon to Provide all Households with Banking Services <br>News and Press Release<br>Dated:- 2-8-2014<br><BR>To provide all households in the country wi....
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....th the banking services, a time bound programme would be launched as Financial Inclusion Mission which would particularly focus to empower the weaker sections of the society, including women, small an....
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....d marginal farmers and labourers. Reserve Bank of India (RBI) in January 2006 permitted banks to utilize the services of intermediaries viz Business Correspondents (BC) in providing banking services.....
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.... The BC model ensures a closer relationship between poor people and the organized financial system. RBI has reported that as on 31.3.2014, there were 194772 Business Correspondents. RBI has advised ....
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....banks to pay reasonable commission/fee to the BC, the rate and quantum of which is reviewed periodically. This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in w....
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....ritten reply to a question in Lok Sabha.<BR> News - Press release - PIB....