ABOUT FINANCIAL INCLUSION

Definition :-

Financial Inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.

Uttar Bihar Gramin Bank is operating in 18 districts of North Bihar through 1032 Brick & Mortar Branches and 3430 BC centres (named as Sunahara Sapna Kendras). We have adopted ICT Based B.C. model for Financial Inclusion. SLBC has allotted 3673 SSAs in rural areas and 89 wards in urban areas to our Bank. We have covered these SSAs through our 3430 BC Centres and the remaining by Branches. Till 31st Dec, 2014, we have covered 5694072(100%) households in all the  Sub Service Areas allotted to our bank under PMJDY.

Organizational Setup :-         « Click for setup »

a. 18 Financial literacy Counsellors, one each for every district, has been working in the field since 01 March 2013. They are provided with office cum residence at the place of posting, Mahindra Bolero vehicle, laptop computer, LCD projector and screen, telephone, internet connection, and Financial Literacy material.
We have organized 11738 Financial Literacy Awareness Camps (FLAC) during FY 2014-15 (till Dec’14) in which 2926627 people participated and 1231143 people have become our customers.
b. Our Technology Service Provider is M/s HCL Infotech Ltd. They provide technological support with software and hardware for opening and operate accounts through Business Correspondents, and they provide manpower through M/s Sparrow Softech Pvt Ltd.

Motivation of BCs :-

All Bank Mitras are supplied with uniform, cap and carry bags. We have launched “Samriddhi – 400”, in which if a BC canvasses 400 Loan a/cs under Smart Micro KCC and Smart Micro GCC, his average monthly income would cross Rs. 10,000/-. Besides, we have posted one officer at Base Branch for every 4 BCs to look after and help in their day to day activities. In addition, we are organizing quarterly programme for motivating and reviewing performance of BCs which is named “PRERANA”