The Extent of Financial Inclusion through Business Correspondent Model in Kadapa District, Andhra Pradesh

Abstract

This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with Business correspondents, commercial entities or Individuals whose primary objective and business is other than the provision of financial services and whether this model is meeting the needs of the vast swath of the society-those who are poor and living in the rural area in an affordable manner. The paper illustrates the case of Kazipet District in Andhra Pradesh where banks have recently developed extensive networks of such correspondents.