MFIs as Business Correspondents – To Be or Not to Be?

by Anup Singh and Krishna Thacker
May 21, 2009
1 min

This IFN examines the viability of the business correspondents model for MFIs, based on field experiences in India.

The Reserve Bank of India (RBI) has encouraged the use of Business Correspondents (BCs) as a means for promoting financial inclusion in India. This IFN examines the viability of the BC model for MFIs, based on field experiences in India.

This IFN defines the Business Correspondent Model and identifies the key stakeholders involved in the Indian case. It highlights the key growth impediments both at the policy and the operational levels, and examines the viability of the Business correspondent model in India.