.........While the progress in Aadhaar enrolments has been satisfactory, a lot more needs to be done for financial inclusion. One way out is for banks to appoint business correspondents (BC) to reach customers in remote areas where traditional brick-and-mortar operations aren’t feasible. A country-wide network of BCs – each equipped with a hand-held ‘micro-ATM’ device that is Aadhaar-enabled – is a viable option for delivering fertiliser subsidy or MGNREGA wages directly through electronic transfer into the beneficiaries’ accounts. The latter could withdraw that money in cash even from a BC with whom they may not have an account – similar to how one bank’s ATM can also be used by customers of other banks............
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