Role of Business Correspondence Model in Socio-Economic Empowerment of Women

Authors

  • V. D. Krupa Assistant Professor, Department of Commerce, Government First Grade College, NR Pura, Chikmagalur (D)

DOI:

https://doi.org/10.33516/maj.v55i3.67-70p

Keywords:

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Abstract

In order to achieve the government objectives of equality and inclusive growth, the RBI has taken major initiation for financial inclusion. Whereas, banks have introduced the Business Correspondence (BC) Model in order to reach unbanked and under banked arrears. Whereas some of the MFIs (NGOs, NBFCs etc,.) are also collaboratively working with various public and private sector banks to act as BC network managers. In Karnataka, SKDRDP (Shri Kshetra Dharmastala Rural Development Project) is one such institution which has collaborated with various banks to provide formal financial services to poor women and unbanked area of operation. However, this study is conducted to evaluate the role of BC Model in socio-economic empowerment of women through SKDRDP. This study has collected primary data from Shivamogga region only. After testing the hypothesis the study revealed that, SKDRDP’s Business Correspondence model truly contributing for socio-economic empowerment of Women in the study area.

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Published

2020-03-31

How to Cite

Krupa, V. D. (2020). Role of Business Correspondence Model in Socio-Economic Empowerment of Women. The Management Accountant Journal, 55(3), 67–70. https://doi.org/10.33516/maj.v55i3.67-70p

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Section

Cover Story

References

Ananth, S and Sabri, TONCU (February-2014), "A critical look at the expansion of banking services through the BC model", Economic and Political Weekly, Volume No.08, Pp. 49-58

Eshwara Kumar Belli, S. (December-2015), "Evaluating the relevance of SKDRDP in rural upliftment" - a study of Hosanagartaluk, International Journal in Management and Social science, Volume No.03, Pp. 316-326

Naveen Kolloju (January-2014), "Business correspondent model vis-a-vis financial inclusion in India: new practice of banking to the poor", International Journal of Scientific and Research Publications, Volume No.04, Issue-02, Pp. 01-07

Tejani Rachane (2011), "Financial inclusion and performance of rural co-operative bank in Gujarat", Research Journal of Finance and Accounting, Volume No.02, Issue-06, Pp. 40-50, www.iist.org

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