Branchless Banking an Effective Device Towards Financial Inclusion: A Study Conducted at Bangalore Rural District

Authors

  • J. Nagarathnamma Research Scholar, CMR University, Bengaluru
  • P. Aranganathan Associate Professor, CMR University, Bengaluru

DOI:

https://doi.org/10.33516/maj.v55i2.76-84p

Keywords:

No Keywords.

Abstract

In order to achieve greater financial inclusion in India, and at the same time to bridge the gap between demand and supply of financial service delivery in unbanked areas the Reserve Bank of India, based on the recommendations of the Khan Committee report proposed Business Correspondent model in the year 2006. The present study was conducted to know the awareness level of the services provided by business correspondent model among the rural poor and the challenges faced while availing those services. Using random sampling method data was collected from 315 respondents availing the services of business correspondent model from all four blocks of Bangalore rural district. The primary data was collected using interview schedule and statistical tools like simple percentage and Friedman rank test were used for analysing the primary data. Most of the respondents were aware of the services provided by BC’s was the major finding of the study.

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Published

2020-02-29

How to Cite

Nagarathnamma, J., & Aranganathan, P. (2020). Branchless Banking an Effective Device Towards Financial Inclusion: A Study Conducted at Bangalore Rural District. The Management Accountant Journal, 55(2), 76–84. https://doi.org/10.33516/maj.v55i2.76-84p

Issue

Section

Financial Inclusion

References

Karmakar, K.G. and Mohapatra, N.P. (2009). "Emerging Issues in Rural Credit", the Microfinance Review, Vol: 1, No. 1, 1-17.

RBI report of, Discussion paper on Engagement of 'for-profit' Companies as Business Correspondents. RBI August 2, 2010.

N.D.S.V Nageshwar Rao et al (2011). "Evaluation of BC/BF Model". Research gate.net. 505-575.

Naveen Kolloju, (2014). "Business Correspondent Model vis-Ã -vis Financial Inclusion in India: New practice of Banking to the Poor", International Journal of Scientific and Research Publications, Vol: 4, Issue: 1, 1-7.

Miss Sarika & Dr. Raj Kumar (2017), "Business correspondent Model an innovative tool for Financial Inclusion". International Journal of Research in Finance and Marketing, Vol: 7, Issue: 6, Vol. 7 Issue 6, June-2017, pp. 245-251 ISSN (o): 2231-5985, Pp. 245-251.

Shivashankar, R. K. (2012). State of Business Correspondent Industry in India - The Supply Side Story. Microsave- Market-led Solutions for Financial Services.

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Dr. N. Sundaram & Mr. M. Sriram, (2015). "Business Correspondent (BC) Model – A Bridge between Banks and Unbanked", International Journal of Engineering, Business and Enterprise Applications, 11(1), 40-44.

Varun Abrol, (2018). "Business Correspondent Model: A Study of Demand and Supply Side Issues In Jammu And Kashmir State", Journal of Management, Vol: 5, Issue: 6, 1–12.

https://nextbillion.net/india-business-correspondents-failing/

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