MONTHLY ARCHIVES: NOVEMBER, 2015
Posted on November 15, 2015 by Sumita Kale
In a recent article in Financial Express (November 4th, 2015), S V Divvaakar of ICFI has highlighted the need for appropriate telecom metrics for financial inclusionNoting that the traditional metric of tele-density means little for financial inclusion, he recommends that the telecom footprint be monitored more granularly to check availability and quality of internet and broadband services at the locations of ‘Bank Mitras’ (business correspondents or BC) across India The absence of mandatory requirement to report data at the district, block or sub-service area levels denies appropriate analysis of our readiness towards financial inclusionSuch granular assessments call for tower footprints and bandwidth availability to be mapped to the locations of BC outlets
The details have been fleshed out in the Indicus Policy Brief for November, available at this link http://www.indicus.info/index.php/policies/details/31
The takeaways from the brief are five aspects that the PMJDY Mission should consider toward strengthening the financial inclusion architecture:
(business correspondents or BC) across India.
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