SBI plans 'Business Correspondent' model for all GPs
BS Reporter / Kolkata/ Bhubaneswar Sep 22, 2009, 00:09 IST
To reach out to the people in the unbanked rural areas, the State Bank of India (SBI), the largest public sector bank, plans to cover all the Gram Panchayats (Gps) of Orissa under ‘Business Correspondence Model’. This is being done in line with the Reserve Bank of India (RBI) guidelines on financial inclusion.
Under the plan, open ‘Banking Outposts’ will be opened in 6234 Gram Panchayats (GPs) of the state in joint initiative of SBI and the Orissa government. SBI has roped in the Mumbai based Zero Mass Foundation (ZMF) as Business Correspondent for the scheme.
The Zero Mass Foundation (ZMF) will work as a BC to deliver financial services, including National Rural Employment Guarantee Scheme (NREGS) wage payments, in the rural areas. ZMF will recruit and train people at the customer service points to enrol customers and provide banking services in the villages. Orissa will be the first state in the country where all the GPs will be connected by one bank through Business Correspondent model.
The financial inclusion dream of providing all households with bank accounts is expected to be realised by this initiative.
“Orissa will be the first state in the country where all the Gram Panchayats will be connected by the State Bank of India through banking outposts”, Shiva Kumar, chief general manager (CGM), SBI, Orissa circle, told Business Standard. The bank will enter into a memorandum of understanding (MoU) with the state Panchayatiraj department on Tuesday in this regard. SBI, which has 616 branches in Orissa, wants to reach out to the people in the rural areas. While the BC model will initially be used for making payments to the beneficiaries under NREGS, the state government will use this set up for implem\entation of other social benefit schemes like old age pension.
Since opening up of branches in all locations is not possible, the bank will vigourously peruse this model for reaching out to all villages in the state. It will expand the system even to cover the poor people who are working outside the state to make payments to their families residing in the state, Kumar added.
Sir, let me know about the Business Correspondents of SBI, I am interested about it to start in rural area, kindly let me know full detail. I am an LIC AGENT LAST 10 years.iwould like to work with this idea in rajasthan.dilip agarwal 09884033017
Sir,im prasad and im an mba with more than 15 years exep with scheduled co. op. bank sector and currently ,i want to know business correspondent for sbi i would like to work with this modul in maharashtra.
Sir, let me know about the Business Correspondents of SBI, I am interested about it to start in rural area, kindly let me know full detail. I am an 3 years Business Facilitator (Punjab National Bank. Certificate Course IIBF
Sir,im navendu and im an mba with more than 6 years exep with financial sector and currently runing oWn business in financial services dealing with insurense product ,i want to know business correspondent for sbi i would like to work with this modul in bihar or jharkhand.with regurd navendu kumar verma MBA (Mktg and international trade)
Dear Sir, i'm the Executive Chairman of Society for Upliftment of Rural Economy(SURE) and we want to act as business corespondent for rural banking, as we are operating mainly in remote area to carry out our various activities.Please inform me to whom we have to approach for applying the such proposal.my personal contact no. 9435709698 and mail id sure_society@yahoo.com. With Regards. Rochung Hmar
Sir, Pls.let me know hw to be a bussiness correspondent for rural areas banking and how much will be paid for services in every scheme.I want to join as business correspondent/business facilitator in SBI. I interested to work in and around Jamui District OF Bihar. PL inform me to whom we have to approach for applying the proposal.My Email-id is- ht.sumitraj@gmail.com and contact no. is 08051015959 And Pls. inform your's contact No.asap.
With Regards
Sumit raj
MBA (Mktg)
Dear Sir.Plsease inform me how to be a bussiness correspondent and and how much will be invest required for that services. I want to join as business correspondent/business facilitator in SBI. My contact details is 9163678880
Sir,
Pls. teel me how to be a bussiness correspondent for rural areas banking and how much will be paid for services in every scheme.I want to join as business correspondent/business facilitator in SBI. I interested to work in and around Burdwan District OF WEST BENGAL. PL inform me to whom we have to approach for applying the proposal.My contact no. 09434661636, 09547121011. And Pls. inform your\''s contact No. as soon as posible.
zmf is a good and also a sweetable business partner for state bank of india(sbi) for growth developement of the banking and financial business and also a joint co-ordinator between the Sbi and there customers. (Mr.B.N.Sahoo, j&k Bank B'lore)
I have been working 12years in the sector of NGOs. and MFIs. MA, MSW, PGDCA
I want to join as business correspondent/business facilitator in SBI. I am interested to work in and around eastern part of Orissa. PL inform me to whom we have to approach for applying the jobs.
My contact no. 09438382131, 09337430727
Posted by: zufee
December 23 , 2010, 16:15 IST
go through zero mass foundation......you can have ur answer over there......
Posted by: sudhir
December 06 , 2010, 17:00 IST
Dear,
Girish
goto bank ang give ditals of business correspondent/business facilitator
bank of india & state bank of india
we have run a NGO registerd organisation in MP.
we want to join as business correspondent/business facilitator in SBI. we are interested to work in and around Betul District (Tribal) OF Madhya PRADESH. PL inform me to whom we have to approach for applying the proposal.
I want to join as business correspondent/business facilitator in SBI. I am having experience in CASH MANAGEMENT SERVICES. I am interested to work in and around TADEPALLIGUDEM area WEST GODAVARI DIST OF ANDHRA PRADESH. PL inform me to whom we have to approach for applying the jobs.
Hello Sir,
I would like to know whom to approach for vacancies of Business
Correspondent in State Bank of India. I am a Banking Consultant
with 24 years of experience in Indian Retail Banking sector.
An early reply is requested.
Regards
REVATHI
+ 91 98801 92777
Posted by: ved singh sheokand
September 03 , 2011, 14:04 IST
Sir, Let me know about the business correspondence of SBI, I am interested about it to start in rural area. Kindly let me know full detail. I am an Ex servicemen.
Jind, Haryana
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