An Assessment of Potential Financial Inclusion of Slum Dwellers Through Business Correspondent Model

Shrikrishna Mahajan and Natha Kalel

The IUP Journal of Bank Management, 2013, vol. XII, issue 4, 7-15

Abstract: Financial inclusion may be considered as a key instrument for inclusive growth and inclusive development. Access to safe, easy and affordable credit, and other financial services by the poor and vulnerable groups, disadvantaged areas and lagging sector is recognized as a precondition for accelerating growth and reducing income disparities and poverty. This paper aims at identifying the status of financial exclusion of selected slum dwellers and assessing their probable financial inclusion through business facilitator/business correspondent model. As most of the slum dwellers are self-employed or employed in the unorganized sector, they require credit on a daily basis for their livelihood. On the other hand, some of the slum dwellers are paying the principal amount of the borrowed funds regularly to the moneylenders. Therefore, here is an opportunity for any bank branch to go for financial inclusion through business facilitator model (Briefcase Banking).

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjbm:v:12:y:2013:i:4:p:7-15

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