Archive · 20 Nov 2025
BCRC Urges Budget Support for Bank Mitras and CBCs
The Business Correspondent Resource Council (BCRC) has asked the government to increase the pay of Bank Mitras and Corporate Business Correspondents (CBCs) in line with inflation.
They also want the government to help with the costs of setting up a banking service.
The BCRC was set up to support Bank Mitras, who help open bank accounts in rural areas.
Since its launch, over 56 crore bank accounts have been opened under the PM Jan Dhan Yojana with the help of Bank Mitras.
BCRC suggests inflation-linked remuneration for Bank Mitras and CBCs
Proposes committee to define roles in case of fraud to protect genuine workers
Suggests offsetting infrastructure costs through PIDF or setting up a fund
Proposes 'India Business Correspondent Equity Fund' for providing equity to Bank Mitra ecosystem
Over 56 crore bank accounts opened under PM Jan Dhan Yojana, facilitated by over 13 lakh Bank Mitras
- Who
- Business Correspondent Resource Council (BCRC), Bank Mitras, Corporate Business Correspondents (CBCs)
- What
- Suggested measures for upcoming budget
- When
- In a letter to the secretary Department of Financial Services (DFS) M Nagaraju
- Where
- India
- Why
- To support Bank Mitras and CBCs and make banking services more accessible in rural areas
BCRC's Stance
Government's Perspective
Remuneration
BCRC's Stance
Suggests inflation-linked remuneration for Bank Mitras and CBCs
Government's Perspective
Needs to consider financial feasibility and budget constraints
Infrastructure Costs
BCRC's Stance
Proposes offsetting costs through PIDF or setting up a fund
Government's Perspective
Needs to evaluate the effectiveness and sustainability of such measures
- BCRC CEO
- D Tripathy
- Bank Mitras
- Over 13 lakh
- Jan Dhan accounts opened
- Over 56 crore
- Account balance in Jan Dhan accounts
- Over Rs 2.7 lakh crore
- Estimated bank profits from Jan Dhan accounts
- Over Rs 4,000 crore