APPLICATIONS FOR RURAL BANKING SERVICES
Access to financial services in remote rural areas remains a challenge, as the vast majority of the rural population still do not have reliable, secure ways to save money, protect and build assets, or transfer funds. It is believed that less than 10% of the rural populations have access to financial services in India. Centillion’s Agri and Rural business platforms have helped some of the leading financial institutions in India in setting up Business Correspondent (BC) operations for Agri loan and allied assets sourcing, savings account sourcing, and setting up and managing customer service points (CSPs) to dispense cash to the bank’s, and maintain and service accounts. Centillion also provides complete Consumer Finance Fulfillment Services to help financial institutions go to market faster with comprehensive loan plans for two and four wheelers, autos, commercial vehicles, and other consumer durables.
Centillion provides, for its fulfillment services, software solutions such as:
- Krishidvar© Business Correspondent platform for processing agricultural loans for farmers and allied assets sourcing.
- Service Point System to perform daily reconciliation of all the funds remitted.
- Two & Four Wheeler and Consumer Durable to capture origination, processing and credit decision of the these loans.