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Business Correspondent Model – a Pilot Project in association with State Bank of Travancore

In un-banked tribal, coastal and remote rural areas, Kudumbashree groups are not able to avail bank loans due to high transaction costs involved in dealing with bank branches. In order to address lack of access to formal banking service, Kudumbashree is implementing a pilot business correspondent model project in 28 under - banked villages of Kerala in association with State Bank of Travancore.The first year of the Business Correspondent Model Project has been completed. Kudumbashree Mission will continue to put its effort in the pilot experiment in the current year also, expanding the nature of services incorporated in the model.