Preview

Role of Bc/Bf in Financial Inclusion

Powerful Essays
Open Document
Open Document
16121 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Role of Bc/Bf in Financial Inclusion
ROLE OF BUSINESS CORRESPONDENT / BUSINESS FASCILITATOR IN FINANCIAL INCLUSION.

A PROJECT REPORT

Submitted by

VARUN VERMA

(2K92A49) PGDM GENERAL

In partial fulfillment for the award of the degree

Of

MASTERS IN BUSINESS ADMINISTRATION

[pic]

ASIA PACIFIC INSTITUTE OF MANAGEMENT, NEW DELHI

(2009-2011)

ACKNOLEDGEMENT

I wish to express my gratitude to NABARD, Haryana, for giving me an opportunity to be a part of it and enhance my knowledge by granting permission to do my summer project under NABARD Summer internship program.

I would like to express my gratitude towards Dr. D.K Banerjee, Director, Asia Pacific Institute of Management.

I’m grateful to my Mentor Mr. R.K. Singhal (Asia Pacific Institute of Management) for her help in every step of the way during the tenure of my project.

I would like to thank Mr. Naik (DGM, NABARD Haryana), Mr. Ravi Shankar (DDM Panipat, NABARD Haryana) and Mr. K.K. Gupta (DDM Panchkula & Ambala, NABARD Haryana) to be my mentor in my project and for their guidance ship at every stage.

I am also very grateful to my program director Mr. Ashutosh ( Manager, Regional Office NABARD Haryana).

I am also very thankful to Managers of PNB, HGB and all other banks for their invaluable guidance and cooperation during the course of the project. They provided me with their assistance and support whenever needed that has been instrumental in completion of this project.

[pic][pic][pic][pic]

[pic]

EXECUTIVESUMMARY

Financial services actively contribute to the humane & economic development of the society. These lead to social safety net & protect the people from economic shocks. Hence, each & every individual should be provided with affordable institutional financial products/services popularly called “Financial Inclusion”. Despite witnessing substantial progress in financial sector reforms in India, it is disheartening to note that nearly half of the rural households even today do not have any access to any source

You May Also Find These Documents Helpful

  • Good Essays

    I would also like to thank the senior relationship manager , Mr. Dheeraj Singh who helped me t at each stage of my project. Moreover I am also grateful to the entire staff of Edelweiss advisors Ltd. for their co-operation and support.…

    • 9477 Words
    • 38 Pages
    Good Essays
  • Powerful Essays

    economics

    • 7423 Words
    • 26 Pages

    If words could pay gratitude then we would like to pay our esteem gratitude to our most respected Dr. Tasneem Akhtar for assigning us this project of Managerial Economics. Throughout the course period he has been extremely cooperated with us and guided us at every single step he has been very encouraging and kind to us.…

    • 7423 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    Spin Coater

    • 4187 Words
    • 17 Pages

    A note of thanks to Mr. Shiva Kumar and to all those, too many to single out by names, which have helped in no small measure by cooperating during by providing their valuable time, inputs and assistance.…

    • 4187 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Behavioral Finance

    • 23279 Words
    • 94 Pages

    Secondly, we thank all the professors of TOLANI INSTITUTE OF MANAGEMENT STUDIES ADIPUR for their support and co-operation during our project.…

    • 23279 Words
    • 94 Pages
    Good Essays
  • Powerful Essays

    Employee Retention

    • 6310 Words
    • 26 Pages

    I express my hearty gratitude to the Dean, Department of Management Studies Dr. Shantha B Kurup, M.Com, M.Phil, Dip.Ed, M.B.A, Ph.D for her support and encouragement.…

    • 6310 Words
    • 26 Pages
    Powerful Essays
  • Satisfactory Essays

    I would like to express my sincere gratitude to my research guide Mr. SRINIVASAN B, M. P. Birla Institute of Management, Bangalore for her constant encouragement and guidance in the course of the research investigation.…

    • 8560 Words
    • 35 Pages
    Satisfactory Essays
  • Good Essays

    I would like to take the opportunity to thank and express my deep sense of gratitude to my corporate mentor Mr. Karthik Sreeraman and my faculty mentor Prof. Ritu Srivastava. I am greatly indebted to both of them for providing their valuable guidance at all…

    • 6260 Words
    • 26 Pages
    Good Essays
  • Powerful Essays

    The project I had undertaken required a lot of information gathering and guidance which has been provided by various people at various stages of the project. For this purpose, I would like to thank the Head of the Organization, Mr. Vikas Jain, who acted as a continuous source of motivation.…

    • 12857 Words
    • 52 Pages
    Powerful Essays
  • Satisfactory Essays

    An inclusive financial system facilitates efficient allocation of productive resources and thus can potentially reduce the cost of capital. An all-inclusive financial system enhances efficiency and welfare by providing avenues for secure and safe saving practices and by facilitating a whole range of efficient financial services like easy day-to-day management of…

    • 406 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Financial Inclusion

    • 20446 Words
    • 82 Pages

    Access to finance by the poor and vulnerable groups is a prerequisite for poverty reduction and social cohesion. This has to become an integral part of our efforts to promote inclusive growth. In fact, providing access to finance is a form of empowerment of the vulnerable groups. Financial inclusion denotes delivery of financial services at an affordable cost to the vast sections of the disadvantaged and low-income groups. The various financial services include credit, savings, insurance and payments and remittance facilities. The objective of financial inclusion is to extend the scope of activities of the organized financial system to include within its ambit people with low incomes. Through graduated credit, the attempt must be to lift the poor from one level to another so that they come out of poverty. Extent of Exclusion NSSO data reveal that 45.9 million farmer households in the country (51.4%), out of a total of 89.3 million households do not access credit, either from institutional or noninstitutional sources. Further, despite the vast network of bank branches, only 27% of total farm households are indebted to formal sources (of which one-third also borrow from informal sources). Farm households not accessing credit from formal sources as a proportion to total farm households is especially high at 95.91%, 81.26% and 77.59% in the North Eastern, Eastern and Central Regions respectively. Thus, apart from the fact that exclusion in general is large, it also varies widely across regions, social groups and asset holdings. The poorer the group, the greater is the exclusion. Demand Side Factors While financial inclusion can be substantially enhanced by improving the supply side or the delivery systems, it is also important to note that many regions, segments of the population and sub-sectors of the economy have a limited or weak demand for financial services. In order to improve their…

    • 20446 Words
    • 82 Pages
    Powerful Essays
  • Powerful Essays

    Project on Nse & Bse

    • 3968 Words
    • 16 Pages

    I would like to express my sincere gratitude to Prof.K. Siva Rama Krishna, GITAM Institute of management, GITAM UNIVERSITY, Visakhapatnam, for his encouragement throughout the academic period.…

    • 3968 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Fmcg Sector

    • 7853 Words
    • 32 Pages

    I am thankful from the core of my heart & express my feeling of gratitude and acknowledgement to my Project Mentor Mrs Namita Nath Kumar.. Whose constant support and faith in me always motivated me and their knowledge and brilliance has pulled me out of doldrums in this project.…

    • 7853 Words
    • 32 Pages
    Good Essays
  • Powerful Essays

    financial inclusion

    • 3121 Words
    • 11 Pages

    In India, the term financial inclusion first featured in 2005, when RBI, in its annual policy statement of 2005-06, while recognizing the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of the population, urged banks to review their existing practices to align them with the objective of financial inclusion. India has, for a long time, recognized the social and economic imperatives for broader financial inclusion and has made an enormous contribution to economic development by finding innovative ways to empower the poor. Starting with the cooperative banks, nationalization of banks, priority sector lending requirements for banks, lead bank scheme, establishment of regional rural banks (RRBs), service area approach, self-help group-bank linkage programme, etc., multiple steps have been taken by the Reserve Bank of India (RBI) over the years to increase access to the poorer segments of society. The Reserve Bank of India has set up a high level committee on October, 2012 to ensure…

    • 3121 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    I behold to express my gratitude to Dr.R.S.Saraswathi, Head of the Department, Dept. of Management. It’s my pleasure and a bound duty to acknowledge with all my humility, my grateful thanks Project guide Dr.Renuka.…

    • 8507 Words
    • 35 Pages
    Powerful Essays
  • Powerful Essays

    “The process of ensuring access to appropriate financial products and services needed by vulnerable groups such as weaker sections and low income groups at an affordable cost in a fair and…

    • 1853 Words
    • 8 Pages
    Powerful Essays

Related Topics