Economics · Microfinance
In the context of modern microfinance delivery in India, what is the primary role of the Business Correspondent (BC)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To regulate the interest rates charged by NBFC-MFIs
- 2To act as a mini-bank agent who provides banking services at the customer's doorstep in remote areas✓
- 3To act as an intermediary for international remittance services only
- 4To manage the treasury operations for the central bank
Correct answer
To act as a mini-bank agent who provides banking services at the customer's doorstep in remote areas
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