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About BCRC

During the last 15years,Business Correspondents have played a major role in Financial Inclusion space to cover the uncovered ,reach the unreached and secure the unsecured people on their own under the aegis of various Banks. They have driven FI initiatives of Govt of India to cover the marginalized and vulnerable section of people under social net.

Specially after launch of PMJDY and social security schemes in 2014,the channel has risen to the occasion and grown leaps and bounds and taken its roots deep to stand as a robust alternate model in the financial map of India. BC model has the potential to be very successful nevertheless much still to be done to validate its inclusion in the financial sector.

The model has passed the initial stages of adoption and future efforts would need to concentrate on instituting changes at the policy level if the channel was to be made viable and sustainable.

As BCs face various operational issues(in cash management, cash handling,reconciliation of failed transactions, frauds and misappropriation), viability issue( inoperative CSPs,managing zero balance and inoperative accounts,income of CSPs, initial investment to establish CSPs) and regulatory concerns, in the context of various Banks having different systems and procedures, compliance norms, payment structure, it is felt necessary to have a Resource Centre for BCs to advise, suggest, innovate, Strategy, hand hold BCs/ CSPs on various regulatory guidelines, analysis of business data, expert advice, work flow, suggestions and updates.

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Our Mission

  • To work as a support centre for the BCs so as to easily touch the FI customers through easy reach,customers education and social security nets
  • To arrange training program for various officials of BCs and other agencies involved with FI activities and formulate training manual/ inputs,research papers as part of capacity building of BCs/ CSPs and others
  • To be an innovation centre to further the cause of FI customers and BCs in the context of various savings and social security schemes,digitalization and micro credit
  • To collaborate with stakeholders to achieve our goal ,of enabling the left out or poorly or inadequately served by the financial sector through better financial reach,products and technology
  • To collaborate or suggest or develop models for the organisations or institutions for promotion and deepening of micro credit and other schemes under Financial Inclusion and SME sector

Our Vision

  • To be a dedicated resource centre committed for strengthening BC channel through various suggestions, strategies ,training and research.
  • To provide guidance on various FI initiatives and suggest for deep penetration of the channel with viability and sustainability on clear focus.
  • To undertake any study or suggest any model to drive various FI and digital initiatives of Govt of India and State Govts.

Our Core Values

Our core values are the principles that guide us in helping the unprivileged and vulnerable section of people to achieve financial literacy and prosperity. We strive to make Business Correspondents as financial services leaders and trusted channel that is differentiated by personalised service and innovative ideas to pursue and achieve their goals
A)Worthy of trust and care:We care the people and keep our promises
B)Respect: We are inclusive and collaborative. We will contribute to grow further in the FI field
C)Winning with passion:We are passionate to suceed through participation,collaboration and innovation

Latest Events

4Th training program for National  BC AISECT

On 12th April,21,4th training program for National BC AISECT and others was conducted through Webinar from 2 30pm to 6 45 pm.Total 94 officials joined the program.The program was inaugurated by leading journalist and editor of" Entrepreneur Times",based at NewDelhi, Mr H S Patra,who in his inaugural speech lauded the efforts of BCs ,in transforming rural india as far as reaching to the community and providing various financial services and enrolling them under Social Security Schemes are concerned.

The BC model has matured enough and it is high time for the stakeholders to plan and implement next level of Financial Inclusion in the country ,he mentioned.In his speech ,he dwelt upon the role played by BCRC and desired that BCRC should come forward and take the lead to identify various areas for deepening of FI activities and welfare of BCs /CSPs.Mr Praveen Kumar ,Chairman of A P Grameena Vikas Bank gave his valedictory address and thanked the BCs for their untiring efforts and work carried out during the Covid Pandemic times.

As a low cost model,they have supported the Banks and contributed immensely in account opening , mobilizing deposit and covering the FI customers under social security schemes,he mentioned.Mr Anurag Gupta,CEO ,AISECT,Bhopal offered vote of thanks.

Capacity Building of BC Officials

On 1st April,21 ,under Capacity Building of BC Officials,a training program was conducted for BC Officials ( mostly State heads and district nodal officers) of national  BC,Vedavaag and some other BCs. Total 87officials  joined in the program.Program was inaugurated by Dr S Subbaih,Vice Principal ,CAB,Pune( GM,RBI) and valedictory address given Mr Jayant Keskar,professor  at NIBM,Pune.

Mr Subbaih ,gave an insightful speech ,covering the role played by BCs in transforming rural India under FI space,mainly in driving financial literacy,digital transactions,pushing thrift habits and creating a model to meet the financial needs of vulnerable  segment of society.

Mr Keskar ,in his valedictory address  mentioned that BCRC is the  first institution in the  country   formed to impart  training  to FI/ BC officials and he admired the  efforts and work of BCRC.He emphasized  that 4 Ps,that is People,Process,Product and Penetration will go a long way to drive BCs  and reach the targeted  segment  of the population  and enhance  sustainability  of BC model.

Training program BC officials NICT

On 17th March,21 ,  4 hrs  training program was  organized for BC officials ( mostly their HO officials and State Heads) of  exclusively   NICT and some other BC however,one or 2 senior officials of other BCs..The program was inaugurated by Mr S Dwivedi,CEO and Director of National  Centre of Financial Education,Mumbai( an autonomous  Institution  promoted by all financial regulators) and valedictory address given by Dr Manikraj, Associate Dean,NIBM,Pune

Total 64 officials participated.The program  evoked good response.While  lauding the efforts of BCRC Mr Dwivedi,CEO of NCFE ,Mumbai , hoped that BCRC will be  positioned as number one  training Institute for FI and BC official  in addition to taking the issues and problem faced by BCs with concerned  authorities .Mr Dwivedi ,who  gave an eloquent speech on various FI initiatives and BC activities,and also policy matter,expected BCRC  to play as harbinger of BCs welfare.Dr Manik Raj also thanked BCRC to provide training free of cost.

Board Members



Drishtee Development & Communication Limited



NICT Technologies Pvt. Ltd.


Co-Founder & Director

P2P MicroFinance & Allied Services



Zero Mass Pvt. Ltd.


CEO and Director


founder Members

  • Save Solutions Pvt Ltd.
  • NICT Technologies Pvt. Ltd.
  • AISECT Ltd.
  • Vedavaag Systems Ltd.
  • Sanjivani vikas foundation
  • Drishtee Development & Communication Limited
  • ZERO Mass Pvt Ltd.
  • P2P Microfinance & Allied Services

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