Summary of Project

Title of the Project : Financial Inclusion project- Pradhan Mantri Jan Dhan Yojana

Client : State Bank of India

Scope of the Project : State Bank of India has taken up several financial inclusion initiatives for providing banking services at unbanked areas. One of these initiatives is Kiosk Banking, where a village level entrepreneur operates an internet supported PC (Kiosk) for providing basic banking services through biometric identification process. Kiosk Banking has been a successful initiative in making small value payments in rural hinterlands like MNREGS Payments, Social Security Payments, Scholarship Payments, FDR, Deposit, withdrawal, RD etc.
NICT as a Business Correspondents (BC)   is appointed by SBI to open kiosks in remote areas. BC is a link between the Bank and the Kiosk Operator (KO). The main role of BC is to manage the Kiosk. This includes creating, updating, assigning transaction limits and providing support to various kiosk operators. NICT has opened total 5738 SBI kiosk through PAN India and benefited 1 Cr. citizens. This project is awarded

*Certificate of Merit – Financial Inclusion 2012 Award Skoch.

*In 2015, been awarded 2nd position for Atal Pension Yojana Nationally by State Bank of India

*In 2016, been awarded Financial Inclusion Excellence Award (SBI)