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Mr. V.N. Salimath, Chairman, Initiatives for Development Foundation (IDF) delivered a session on 'Business Correspondent (BC) Model of Micro Financing & its Sustainability' on November 22, 2018 as part of the 4th International Conference on Economic Growth and Sustainable Development. He also spoke about farmer vulnerabilities and the functioning of Farmer Producer Company (FPC). The session introduced to the participants with the working of BC model of financing and the challenges it faces. Mr.Salimath explained elaborately the effectiveness of this model in the drive towards financial inclusion. One of the major contributions of this model, as spelled out by the speaker is doing away with network of money lenders who are exploitative and connect to organised banking. |
