The Business Correspondent/Business Facilitator (BC/BF) model of branchless banking has been introduced as a possible solution to overcome barriers of geography posed for financial inclusion. For success of this model it has been envisaged that appropriate technology need to be adopted on a sufficiently large scale to make the system viable and fail proof.
While suggesting that alternative delivery channels need to be explored and adopted to expand the banking outreach, the Reserve Bank of India has advised banks to not to lose focus on brick & mortar structures in unbanked villages.