Category: Uncategorised

Bharat Money Store: Accessible Microcredit – A real game changer

6 months have passed since the first case of COVID-19 detected in the country and India is currently at No. 2 in the world in terms of the total number of cases. The number is still on the rise despite the measures taken by the government to curb the spread of novel coronavirus. This situation…
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5 Small & profitable businesses you can start in under 50,000

India still has most of its population settled in villages. People in villages majorly contribute to the agricultural industry or engage in businesses related to retail, livestock, or trading sectors. There are plenty business ideas to implement and can be turned into reality with an initial investment of not more than ₹50,000. It may be…
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Bharat Money Store launches “BMS Atmanirbhar Bharat Abhiyan”

Bharat Money Store launches “BMS Atmanirbhar Bharat Abhiyan” Bharat Money Store, an extension of Bharat Financial Inclusion Ltd. and IndusInd Bank, has launched “BMS Atmanirbhar Bharat Abhiyan” to support the Hon. PM Narendra Modi’s initiative of Atmanirbhar Bharat. The initiative is helping people in rural India through micro-lending and other digital banking services, filling the last-mile gap.…
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Assisted E-Commerce: Tapping the un-tapped

In recent years, a lot of chatter around local Kirana stores and their importance in providing goods to the people conveniently has gained traction. Despite e-commerce and modern trade options, which largely caters to Tier I, II, and to some extent Tier III cities and towns, the large population residing in locations beyond that (mainly…
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How Bharat Money Store can help Insurers reach rural India?

The insurance industry, one of the important sectors in India, is crucial to the Government of India’s financial inclusion plan. Despite being an important factor towards overall financial well-being of any population, the insurance penetration (premiums as % of GDP) in India stands at 3.69% in 2017 from 2.71% in 2001 (Source: IBEF). A substantial…
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Bharat Money Stores: Improving the life of merchants and customers

The banking landscape in India is going through its unusual phase currently. With several government initiatives like Pradhan Mantri Jan Dhan Yojana and Pradhan Mantri Garib Kalyan Yojana, people in rural areas who were away from banking, are being inducted into the formal banking system. The adoption of technology to make banking services accessible conveniently…
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Financial inclusion through Bharat Money Stores and its RDSP platform

Financial inclusion means providing affordable financial services to all individuals and businesses, irrespective of net worth and size. It offers an accessible platform for people to participate in the financial sector. Many developed countries have stronger GDP growth rates with high-income equality and one of the main factors responsible for this is financial inclusion. Current…
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Bharat Money Stores: Contributing towards financial well-being of the nation

The COVID-19 pandemic is having a huge impact on the economy and people’s lives. The lockdown has restricted people from stepping out, halted factories, and construction sites, causing workers to either return home or remain jobless. Bharat Money Stores, an extension of IndusInd bank, is making a direct impact providing digital banking and payment service…
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Contribution of Unbanked Rural Centres (URCs) during the lockdown

At Sulepeth village in Chincholi panchayat of Karnataka, Raghvendra started his day with cash withdrawals for customers who had received funds through the Government of India’s DBT architecture under government schemes such as Pradhan Mantri Garib Kalyan Yojana and Pradhan Mantri Jan Dhan Yojana (PMJDY). Group of women and men were already queueing up outside…
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