TINERI
Punjab National Bank made a model way of financial inclusion that is not only to open the bank accounts but also free them from the clutches of the money lenders. The local Pradhan has helped villagers with the procedure of opening the bank account. Now they have started saving whatever little they can
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BRANCHLESS BANKING - CORPORATION BANK
Corporation Bank developed a business model for each of the beneficiary, whereby these villagers don’t commute to the bank for any kind of transaction. Corporation Bank appointing one of the villagers as a business correspondent, so that there is more comfort level and there is more empathy. So, they are dealing with their own people. This is how this business model and operative model of the central piece of this financial inclusion called Branchless Banking.
| JEEVAN MADHUR - LIFE INSURANCE CORPORATION
A micro-insurance policy that is providing social security to under-privileged people at a minimum premium of 25 rupees payable on a weekly basis for a life cover ranging from 5,000 rupees up to 30,000 rupees. LIC has sold over 100,000 policies working in conjunction with local NGOs. There have been a couple of cases of settlement so far. | | ...view more case studies | |
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