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Role of Bc/Bf in Financial Inclusion

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Role of Bc/Bf in Financial Inclusion
ROLE OF BUSINESS CORRESPONDENT / BUSINESS FASCILITATOR IN FINANCIAL INCLUSION.

A PROJECT REPORT

Submitted by

VARUN VERMA

(2K92A49) PGDM GENERAL

In partial fulfillment for the award of the degree

Of

MASTERS IN BUSINESS ADMINISTRATION

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ASIA PACIFIC INSTITUTE OF MANAGEMENT, NEW DELHI

(2009-2011)

ACKNOLEDGEMENT

I wish to express my gratitude to NABARD, Haryana, for giving me an opportunity to be a part of it and enhance my knowledge by granting permission to do my summer project under NABARD Summer internship program.

I would like to express my gratitude towards Dr. D.K Banerjee, Director, Asia Pacific Institute of Management.

I’m grateful to my Mentor Mr. R.K. Singhal (Asia Pacific Institute of Management) for her help in every step of the way during the tenure of my project.

I would like to thank Mr. Naik (DGM, NABARD Haryana), Mr. Ravi Shankar (DDM Panipat, NABARD Haryana) and Mr. K.K. Gupta (DDM Panchkula & Ambala, NABARD Haryana) to be my mentor in my project and for their guidance ship at every stage.

I am also very grateful to my program director Mr. Ashutosh ( Manager, Regional Office NABARD Haryana).

I am also very thankful to Managers of PNB, HGB and all other banks for their invaluable guidance and cooperation during the course of the project. They provided me with their assistance and support whenever needed that has been instrumental in completion of this project.

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EXECUTIVESUMMARY

Financial services actively contribute to the humane & economic development of the society. These lead to social safety net & protect the people from economic shocks. Hence, each & every individual should be provided with affordable institutional financial products/services popularly called “Financial Inclusion”. Despite witnessing substantial progress in financial sector reforms in India, it is disheartening to note that nearly half of the rural households even today do not have any access to any source
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