While more than 3 lakh banking outlets are available across the country, the number of transactions in many accounts opened by the BCs, remains unimpressive. This not only restricts the potential benefits that could accrue from increased financial access but also reduces the viability of Financial Inclusion activities for banks and BCs.
The reduced viability, in turn, impacts the scalability of the model and, in the process, hampers the Financial Inclusion efforts. Hindrances constraining BC operations 40. We have identified certain deficiencies which are hampering the scaling up of the BC model.