State Bank of India Business Correspondent - 2018-2019 StudyChaCha

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Old August 5th, 2017, 02:32 PM
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Default State Bank of India Business Correspondent

Hi I am interested in having the information about the Business Correspondent (BC) Model of State Bank of India as well as the lists of the entities who can be appointed as Business Correspondent (BC)?
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Old August 5th, 2017, 02:44 PM
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Default Re: State Bank of India Business Correspondent

State Bank of India which has the largest branch network in the country and which is also having largest number of BCs / CSPs who are working under Business Correspondent (BC) model.

Under BC Model, the following entities are appointed as BCs / Bank mitras/CSPs.

• NGOs/ MFIs set up under Indian Societies/ Trust Acts.(Care: excluding NBFC)
• Societies registered under mutually aided co-op. societies (MACs) Act or the Coop. Acts of States.
• Section 25 companies.
• Post Offices.
• Retired Bank employees
• Ex-Service men.
• Retired Govt. Employees.
• Individual kirana/ medical/fair price shop owners.
• Individual Public Call Office (PCO) operators.
• Agents of small savings schemes of Government of India/ Insurance Companies.
• Individual who own petrol pumps.
• Retired teachers.
• Authorized functionaries of well run Self Help Groups (SHGs) linked to banks.
• Individual member of Farmers Clubs.
• Individual operators of Rural Multipurpose kiosks/ Village Knowledge Centres
• Individuals/ proprietors/ owners who manage Agri Clinics/ Agri Business Centres.
• Retired Post Masters.
• Individuals such as auto dealers, tractor dealers and FMCG stockists.
• Insurance agents including of private insurance companies (IRDA certified) and postal agents.
• Individuals operating Common Services Centres (CSCs) established by Service Centre Agencies (SCAs) under the National e-Governance Plan (NeGP).
• For profit companies
• Any other individual considered suitable by the selection committee.

Please find the file attached which has the details of the various services offered explained offered through Business Correspondent (BC) Model of State Bank of India.
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