Some stakeholders have suggested that the framework be extended to deploy universal income transfers or universal basic income

Bank Mitras or Business Correspondents, are a key cog in the government's financial inclusion scheme as they provide banking services to cu...

Typically, these BCs earn 40 for every 10,000 withdrawn through them.

They have alleged that banks are passing on added tax liabilities on their agents operating in rural areas and underbanked urban localities...

Despite being included as an essential service by the govt, Bank Mitras – central to government’s DBT scheme - are reportedly not being all...

Rural business correspondents have to bear the risk and equipment costs which squeeze their margins

GST being slapped on BCs for fund transfer to non-Jan Dhan accounts has also been a sticky issue.

This could dent government efforts to provide banking services in the hinterland where banking correspondents provide doorstep banking.

The meeting would deliberate on issued faced by the BCs and banks in their operations, including with regard to remuneration, technical sup...