Government of India
Ministry of Finance
Department Financial Services
(FI Section)3rdFloor, Jeevan Deep Building,
Parliament Street, New Delhi
Dated: 10thJuly, 2012
To,
Chairman / CMDs of All PSBs
Chairman RRBs (through Sponsor Banks)
Sub: Preparation of Implementation Plan for engagement and activation of
Business Correspondents Agents (BCAs) and monitoring progress thereof - regarding
Sir (s),n
I am directed to refer to the RFP floated by various Public Sector Banks on
geographical cluster basis for Business Correspondents services for ensuring
greater financial inclusion and to provide comprehensive financial services to the
underprivileged, particularly in unbanked and under-banked areas. The Business
Correspondents Agents will render services on behalf of the banks, on contract
basis, through their outlets through use of Information and Communication
Technology for various PSBs and RRBs. Selection of Service Provider / Business
Correspondent and the rates for all the 20 clusters is likely to be finalized by the
respective lead banks by 31stJuly, 2012.
2. The lead banks will thereafter be required to ensure a smooth and expeditious
implementation so that the objective of Financial Inclusion is achieved in all the
Financial Inclusion villages. This will in particular require the following steps to be
taken by the lead bank and the other banks:-
(a) Signing of agreement with the selected Service Provider by all the
member banks operating in the respective clusters.
(b) Infrastructure Establishment by the Service Provider in terms of
procurement of hardware, software & hardware installation, procurement of
PoS machine etc.
(c) Selection of BCAs by Service Provider in terms of the RFP in
consultation with Branch Manager for all the FI Villages
(d) Training of BCAs in consultation with LDM as per the new course
designed by NABARD / IIBF.
(e) Enrollment of customers including collection of biometric and other
details.
(f) Issuance of Cards by Banks etc.
(g) RRBs, operational in the geographical cluster need to be also informed
about the details of the RFP finalized so that they also sign an agreement with
the Service Provider, as per terms and conditions of the RFP.
(h) There is a need for a regular interaction between all the member banks
who have signed the agreement so that all the operational issues are
resolved.
(i) Financing of PoS Machines to the selected Service Provider is
essential. A model scheme has already been circulated based on which all
banks have finalized or, are in the process of finalizing it. It is necessary that
financing is extended to the Service Provider on need basis, as per this
scheme, by following standard banking procedures.
(j) It would be desirable that one district in the cluster is chosen as a pilot
and all member banks in this district get the BCAs engaged within a period of
one month from the date of signing of the agreement. This will enable the
Service Provider as well as the banks to resolve all technical and operational
issues which will be useful for ensuring a rapid implementation in rest of the
districts in the cluster.
3. It is essential that all the concerned banks monitor the implementation on a
regular basis. In particular, it will be important to ensure that BCAs are engaged and
activated by the Service Provider on priority within the prescribed period of six
months. Each BCA is also expected to enroll at least 25% of the target households in
the area of operation within six months of starting the activity and at least 300
accounts in the first year of operation. It is, thus, imperative for Banks to prepare an
Implementation Plan to enable them to monitor the engagement and activation of
BCAs. Format for preparation of this Implementation Plan indicating district-month
wise rollout plan for a State/UT is enclosed herewith as Annexure PI- P3.
4. The concerned member banks will then furnish the district-month wise
Progress Report to the respective SLBC Convener of the State/UT in the format at
Annexure R1 which should consolidate the information in formats as given in
Annexure R2 & R3 and furnish to the Department.5. District-Month wise Implementation Plan as explained above should be prepared and furnished to the SLBC Convener by all the concerned member banks by 30thJuly, 2012 in Annexure P1.
The SLBC Convener shall thereafter consolidate the information in Annexure P2 & P3 and furnish to this department by 1thAugust, 2012. Progress Reports should be prepared and sent to the SLBC Convener of the State/UT or to this Department, as the case may be, starting from the month of July, 2012, for which the report be sent by the member Banks to the SLBC Convener by 5th August, 2012 and by SLBC Convener to the Department by 1thAugust, 2012
.
Reports for subsequent months be similarly furnished by 5th& 10th
of the succeeding month. The information may only be sent through email at fi-dfs@nic.in and no hard copy should be sent to this Department.
6. This issues with the approval of Secretary (FS).
Yours sincerely,
(Jitendar Kumar Mehan)
Under Secretary (FI)
01123748767
Encl. As Above
Copy to:
1. Chairman, NABARD
2. SLBC Convener Banks for information and necessary action
3. Incharge NIC, DFS to place a copy of the letter along with Annexure on DFS
website (“What New” and FI Circulars Section)Annexure R-1
Name of Member Bank Name of the State/UT
Name of Service Provider Month & Year
Name of District Total No. of FI Villages
No. of BCAs scheduled to be engaged during the month as per Implementation Plan No. of BCAs engaged during the month No. of FI Villages Covered
Remarks
Annexure R-2
Name of SLBC Convener Month & Year
Name of Service Provider Name of the State/UT
Name of District Total No. of FI Villages
No. of BCAs scheduled to be engaged
during the month as per Implementation PlanNo. of BCAs engaged during the month No. of FI Villages Covered
Remarks
Annexure R-3
Name of SLBC Convener Name of the State/UT
Name of Service Provider Month & Year
Name of Member Bank Total No. of FI Villages
No. of BCAs scheduled to be engaged
during the month as per Implementation PlanNo. of BCAs engaged during the month Cumulative No. of FI Villages Covered
Remarks
District - Monthwise Progress Report on engagement of BCAs for Member Bank in a State/UT
District - Monthwise Progress Report on appointment of BCs for Member Bank in a State/UT
Bank - Monthwise Progress Report on appointment of BCs for State/U
No comments:
Post a Comment