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India's business correspondent sector to cross ₹147 bn in FY25
The Political and Business Daily
|April 05, 2025
DRIVEN by rising rural banking demand, government-led financial inclusion schemes, and digital innovation, India's business correspondent sector was set to surpass Rs 147 billion in FY25, a report showed on Friday.
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The sector is experiencing a remarkable surge, from Rs 47 billion in FY18 to Rs 102 billion in FY23, and was on course to cross Rs 147 billion by FY25, a 19 per cent compound annual growth rate (CAGR).
Business correspondents are bank representatives who help villagers to open bank accounts.
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