Benefits of Financial Inclusion

June 13, 2019

Benefits of Financial Inclusion (Business Correspondent Model)  Business correspondents (BCs) are individuals or groups (like NGOs, gram panchayats, societies etc.) who act as the representatives of banks in order to provide banking services to the unbanked and under banked population. The model was introduced in India in January 2006 by the RBI where banks utilize middlemen for serving the rural population with basic financial facilities at the convenience of their doorsteps.This concept, when implemented thoroughly can offer plenty of benefits.

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Credential

Credential Financial Inc. is the national wealth management provider founded by the Canadian credit union system. We offer credit unions and independent investment firms an integrated range of products and services to meet the financial needs of Canadians.

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Spotlight

Credential

Credential Financial Inc. is the national wealth management provider founded by the Canadian credit union system. We offer credit unions and independent investment firms an integrated range of products and services to meet the financial needs of Canadians.

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