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Team GENESIS
- Mayank Sidana - Pragya Bang
Gujarat
Current Accounts per 100 people : 1.9 Savings Accounts per 100 people : 32 Total Accounts per 100 people Total Accounts per 100 Adults : 33.9 : 59.5
Goa
Current Accounts per 100 people : 6
All India
Current Accounts per 100 people : 1.6
Expected outcome
Governments; RBI, IRDA, Banks, Insurance Companies, MFs , Industry Associations ; NGOs all come together and ensure the success of the Inclusion Strategy Every citizen will have an identity proof required for allowing them access to the banking services This will serve as the support mechanism for the whole strategy To cater to the demand side of the financial inclusion process Inclusion must be continuous and must target all sections of the population simultaneously
Delivery Model - right mix of low cost Brick and Mortar Structures & BCs
Need for Intermediate Structure Appropriate Business Model for FI activity for Banks, Technology Providers and BCs For Profit Corporate BCs- though permittedyet to take off