Question

Assess demand for various products offered accordingto segment is role of bc/facilitator

Answer 1

Facilitation in business, organizational development (OD), and in consensus decision-making refers to the process of designing and running a successful meeting. Facilitation concerns itself with all the tasks needed to run a productive and impartial meeting.

Answer 2

Banks operate a number of channels through which they deliver financial services: Bank branches, ATMs and the internet banking are the traditional channels. The Business Correspondent option offers a new channel through which banks can extend services – the guidelines are written in a way which requires a bank to be involved and is the ultimate provider of services. While RBI has oversight and regulatory responsibility for the BC banking channel as part of its regulatory regime, the principal banks are responsible for the acts of their correspondents.
The BC/BF model will offer an effective way, for the banks, to reach the un-reached population at large, customers and intermediaries alike. In this model banks do not have to invest in costly infrastructure of a branch to reach the un-banked areas while and at the same time the people who remained excluded so far will be assured of easy access to financial products and services. For this to happen a large number of BC/BF, who are not bank employees but are outsourced by banks - across the country to function as their agents - would be needed. This will bring the hitherto ‘excluded’ rural poor and help establish an open, inclusive and egalitarian society in the rural areas and make financial inclusion a reality with in a time frame.