GyanGramWhat is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Ba…
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What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?
1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
2. It enables the beneficiaries in rural areas to make deposits and withdrawals.
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• Correct Answer: C
• Business Correspondents (Bank Saathi) act as bank representatives in unbanked areas, enabling withdrawal of subsidies and social security benefits locally.
• They also provide basic banking services such as deposits and withdrawals.
• Both statements accurately describe the BC model's financial inclusion role.
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