Sampoorn Vittiya Samaveshan Mission to be Launched Soon to Provide all Households with Banking Services

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..... Sampoorn Vittiya Samaveshan Mission to be Launched Soon to Provide all Households with Banking Services
News and Press Release
Dated:- 2-8-2014

To provide all households in the country w .....

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..... ith 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 a .....

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..... nd 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 .....

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..... written reply to a question in Lok Sabha.
News - Press release - PIB .....

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