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TMI Blog1,23,308 Business Correspondent agents (BCAS) (Bank Mitras) (BMS) Deployed under Pradhan Mantri Jan Dhan Yojana (PMJDY) Financial Inclusion Program;Playing a Major role in Spread of Financial Literacy by Educating the People about Banking Services and Meeting their Banking needs .; 79305 BCAS/BMS did Cash (Receipt +Payments) Transactions, 34205 BCAS/BMS did Remittances and total 1.20 crore Transactions done by the BCAS/BMS During the Week Ended on 9th September 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,23,308 Business Correspondent agents (BCAS) (Bank Mitras) (BMS) Deployed under Pradhan Mantri Jan Dhan Yojana (PMJDY) Financial Inclusion Program;Playing a Major role in Spread of Financial Literacy by Educating the People about Banking Services and Meeting their Banking needs .; 79305 BCAS/BMS did Cash (Receipt +Payments) Transactions, 34205 BCAS/BMS did Remittances and total 1.20 crore Transac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions done by the BCAS/BMS During the Week Ended on 9th September 2015 X X X X Extracts X X X X X X X X Extracts X X X X ..... , Banks have engaged Business Correspondent Agents/Bank Mitras (BCAs/BMs) for providing the banking services. These Business Correspondent Agents /Bank Mitras represent the concerned banks and offer banking services. They work on online real time mode using various types of telecom connectivity. 123308 BCAs/BMs have been deployed by the Banks for attaining the goal under PMJDY Financial Inclusion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... program. The outlets of Business Correspondent Agents /Bank Mitras in both rural and urban areas are fully equipped with the infrastructure required for delivery of banking services like account opening, cash deposit ,withdrawal, fund transfer (Remittances).They also provide the insurance and pension related services. These services are delivered through biometric authentication and using Rupay A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TM/ Debit cards swiping with PINs. Monitoring of the BCAs/BMs deployment, availability& transactions is reviewed in Video Conference (VC) meetings with top management of the Banks, at weekly intervals by Department of Financial Services (DFS) officials. In review meetings, guidance/directions are given to resolve issues, if any, for successful implementation of PMJDY. It has yielded good results ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . During the week ended on 9th September 2015, 79305 BCAs/BMs did cash (Receipt +Payments) transactions, 34205 BCAs/BMs did Remittances and total 1.20 Crore transactions were done by the BCAs/BMs. During the last quarter ended on 30th June 2015, total number of transactions done by BCAs/BMs were 6.78 crores out of which 5.32 Crores were cash (Receipt +Payments) transactions and 1.45 crores wer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e remittance transactions.
The Business Correspondent Agents/Bank Mitras are also playing a major role in spread of financial literacy by educating the people about banking services and meeting their banking needs .They are also reaching the people in far flung /difficult areas in order to fulfil the National Mission of Financial Inclusion under PMJDY. X X X X Extracts X X X X X X X X Extracts X X X X
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