Business Facilitation

Banking Services

Business Facilitation

Business Facilitators often referred to as Bank Mitra, play a pivotal role in channeling business activities for their linked branches. This includes mobilizing various accounts such as Savings, Current, Recurring, and Fixed Deposit, as well as facilitating Loan Referrals.

Key features of their responsibilities:

  • Account Mobilization: Business Facilitators specialize in mobilizing a spectrum of accounts, including Savings, Current, Recurring, and Fixed Deposit.
  • Loan Referrals: In addition to account services, Business Facilitators actively participate in the loan ecosystem by facilitating loan referrals. They connect potential borrowers with the appropriate channels, fostering financial support for various needs.
  • Non-Cash Transactions: An essential distinction is that Business Facilitators are not authorized to conduct cash transactions. This emphasizes their role in promoting digital and non-cash financial activities, aligning with modern banking trends and regulations.
  • Financial Inclusion Advocates: Business Facilitators often play a critical role in promoting financial inclusion. They extend their services to unbanked and under banked segments, bringing them into the financial mainstream and fostering economic growth.
  • Local Engagement: With a strong local presence, Business Facilitators act as the face of banking within communities. This localized approach enhances trust and ensures that financial services are tailored to the specific needs of the community.