With a commission of Rs 15, RBI’s Business Correspondents model might be failing Government’s financial inclusion plans
India has around 89.5 crore people living in rural areas. The number of ATMs? 5%. According to an RBI data, out of 6 lakh villages in India, less than 30,000 villages have ATMs.To ensure financial inclusion to the last-mile consumers bereft of digital payments or even ATMs at the least, the Reserve Bank of India […]