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I. Business Case for BCs
- How to make Banking Correspondents viable?
- Should financial inclusion be not for profit?
- Case studies and issues being faced by existing players.
- Should interest rates be liberalized for loans up-to say 200,000?
- Who should pay for the card?
- Should an end-customer charge be levied?
- Should a fee for handling the banking transaction be provided in social spending projects? (AP provides 2% in case of NREGS)
- Who foots the bill for cash management? Alternative solutions?
- Financial literacy - responsibility? Cost?
- Product gaps e.g. Micro-pensions, Urban Social Security etc.
- Possible additional revenue areas for BCs
- Any other related issue
II. Regulatory Issues
- Should the definition of BCs be enlarged? E.g. Post offices, CSCs, SHGs, PRIs etc.
- Should the 30 KM norm be changed?
- Should NBFCs etc. be allowed as BCs?
- Are the mobile payment guidelines adequate or restrictive?
- Are KYC norms adequate or restrictive? In rural India? In Urban India?
- Should BCs be allowed to work with multiple banks, insurance companies etc.
- Is regulation/framework required for micro-investment products?
- Can there be a savings linked micro-insurance?
- Are there any regulatory hurdles in combo-insurance (life and non-life) products?
- Micro-pensions? Need? Regulatory framework?
- Any other issue
III. Technology
- Is adequate technology available? Examples
- Common Source/ Interoperability issues?
- Security issues
- Unique ID, Mobiles, Smart Cards and contact less cards?
- What should be the usage of Financial Inclusion Technology Fund?
- Any other issue
We also welcome inputs and comments on the legal framework and the possible economic impact of financial inclusion.
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