Sbi csp bc

Can you tell me in detail about the Business Correspondent (BC) Arrangement feature of SBI (State Bank of India)?

[Rajkumar Agarwal]

SBI or State Bank of India which has the largest branch network in India invites eligible individuals/ NGOs/Companies (other than NBFCs)/ other entities to join hands to take banking to all. Some of the important features of Business Correspondent (BC) Model are:

Entities eligible to be appointed as BC

• NGOs/ MFIs set up under Indian Societies/ Trust Acts.(Care: excluding NBFC)
• Societies registered under mutually aided co-op. societies (MACs) Act or the Coop. Acts of States.
• Section 25 companies.
• Post Offices.
• Retired Bank employees
• Ex-Service men.
• Retired Govt. Employees.
• Individual kirana/ medical/fair price shop owners.
• Individual Public Call Office (PCO) operators.
• Agents of small savings schemes of Government of India/ Insurance Companies.
• Individual who own petrol pumps.
• Retired teachers.
• Authorized functionaries of well run Self Help Groups (SHGs) linked to banks.
• Individual member of Farmers Clubs.
• Individual operators of Rural Multipurpose kiosks/ Village Knowledge Centres
• Individuals/ proprietors/ owners who manage Agri Clinics/ Agri Business Centres.
• Retired Post Masters.
• Individuals such as auto dealers, tractor dealers and FMCG stockists.
• Insurance agents including of private insurance companies (IRDA certified) and postal agents.
• Individuals operating Common Services Centres (CSCs) established by Service Centre Agencies (SCAs) under the National e-Governance Plan (NeGP).
• For profit companies
• Any other individual considered suitable by the selection committee.


SBI Business Correspondent (BC) Arrangement