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Bank Mitras: BCRC Seeks Higher Commissions and Subsidies

13 May 20251 min read
BANKING & FINANCEBank Mitras: BCRCSeeks HigherCommissions andSubsidies13 May 2025safalsetu.com

Why in the news

The Business Correspondent Resource Council met committee chair Bhartruhari Mahtab to seek better pay structures and infrastructure subsidies for Bank Mitras.

About the programme

  • Bank Mitras are bank business correspondents serving unbanked and underbanked rural areas under PMJDY (28 August 2014).
  • Responsible body: Department of Financial Services, Finance Ministry.
  • Objectives: last-mile access, help with account opening and KYC, financial literacy.

Benefits

  • Deposits, withdrawals and transfers near home; jobs for local youth.
  • Low-cost inclusion; saving and digital payments via AEPS.
  • More accounts in rural and tribal belts, smoother DBT, fewer informal-finance frauds.

Exam angle

  • Nodal body: DFS; parent scheme: PMJDY.

Test yourself

1. The Bank Mitra programme operates under which flagship financial inclusion scheme?

Bank Mitras work under PMJDY, launched on 28 August 2014.

2. Which department of the Finance Ministry is responsible for the Bank Mitra scheme?

The Department of Financial Services handles the scheme.

3. Who chairs the Parliamentary Committee on Finance that BCRC approached about Bank Mitras?

The meeting was with committee chairperson Bhartruhari Mahtab.

This topic is part of Daily Current Affairs 13 May 2025 (13 topics).

All topics of the dayDay quizMay 2025

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