Abstract
Financial inclusion is delivery of banking services at door steps or at easily accessible location to low income and disadvantaged section of people in society at an affordable cost. Business Correspondents or Bank Mitras are engaged by Banks to provide basic banking services to people of unbanked areas. All BC’s are provided with POS machines or Micro ATM’s which are working on the GPRS connectivity and are capable of doing smart card and Aadhar enabled transactions. These machines are capable of doing transactions and enrolments on real time basis. Technology plays a vital role in Financial Inclusion. The study attempts to understand benefits of Financial Inclusion facilitated by Technology. Results reveal that rural people have benefited through Financial Inclusion with the aid of technology. Basic Savings Bank accounts are opened by BC’s at their door steps and rural people are enjoying basic banking services. Self Help Group members are acting as BC’s and serve in rural areas. People also trust them since BC’s are also belong to that locality. Village people developed habit of regular savings in Bank by opening Recurring deposits.
Key words: Bank Mitras, Financial inclusions, Technology, SHGs.
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