What is/are the facility/facilities the beneficiaries can get from the services of Business Correspo

Question

What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?It enables the beneficiaries to draw their subsidies and social security benefits in their villages.It enables the beneficiaries in the rural areas to make deposits and withdrawals.Select the correct answer using the code given below.

Accepted Answer

Business Correspondents (BCs) play a crucial role in branchless areas by providing essential banking services. Under the Swabhimaan scheme, BCs are utilized for two main purposes:They enable beneficiaries to draw their subsidies and social security benefits directly in their villages.They allow beneficiaries in rural areas to make deposits and withdrawals, facilitating financial inclusion.Both these facilities are crucial for enhancing access to banking services in remote areas.Source Citation: Current Affairs, Government Schemes, India Year Book