Financial Inclusion admin May 22, 2023


AISECT’s financial inclusion scheme aims to provide accessible and low-cost banking services, including savings and loan options, to individuals who are financially disadvantaged or lack access to traditional banking.

In 2006, the Government of India drafted a Financial Inclusion policy. As banking services are considered a public good, the policy aims to ensure that all citizens have access to banking services without discrimination. The policy was given to the Reserve Bank of India for implementation, with the goal of utilising individuals or organisations such as NGOs or companies, as well as educated unemployed youth, to establish customer service points in under-served areas and provide banking services to the local population.


AISECT’s philosophy is based on the Business Correspondent model, which believes in utilising institutional agents, organisations, and other entities to assist banks in providing financial services in locations that are not near bank branches. This philosophy lets us expand the reach of financial services to under-served areas, and to empower local agents to play an active role in supporting the banking system.


To expand our offerings in rural and semi-urban areas. Additionally, as technology becomes more prevalent in rural India, increase our efforts to broaden the range of services available.


To bridge the social and technological divide between rural and urban India by creating a network of sustainable enterprises through village level entrepreneurs.

Key Initiatives

We’ve implemented a successful Financial Inclusion model to address the pressing need for financial access in rural areas by providing a variety of services through our ICT-enabled centers.

In 2009, AISECT collaborated with the State Bank of India (SBI) to bring banking services to under-served areas in Madhya Pradesh, Chhattisgarh and other states. Their efforts in the realm of Financial Inclusion were widely recognized and praised. Since then, AISECT has become the National Business Correspondent for several other banks such as Bank of India (BOI) in 2011, Bank of Baroda (2015), Central Bank of India (2021), Canara Bank (2021), Airtel Payment Bank (2018), Union Bank of India (2022) and Circle Bc of Madhyanchal Gramin Bank for the state of Madhya Pradesh.

Impact Numbers


working kiosks out of which around 90% kiosks are located in rural/semi urban areas


bank branches linked with kiosks

1 Crore+

bank accounts with a cumulative balance of Rs. 2129 Crores


Crore worth transactions completed

Rs.14,000 to 15,000

average Commission earned by CSPs per month


average balance per account

300 Cr

commission earned by Kiosks since inception of FI initiatives. Out of this, 52 Crores were earned in the fiscal year 2021-22.

1 Crore+

bank accounts with a cumulative balance of Rs. 2129 Crores


average balance per account

300 Cr

commission earned by Kiosks since inception of FI initiatives. Out of this, 52 Crores were earned in the fiscal year 2021-22.



Success Stories


Financial Inclusion & Banking Services

AISECT operates as a National Business Correspondent for 7 nationalized banks, two one regional rural bank and one Payment Bank under the financial inclusion scheme. Its banking kiosks offer various services under government programs such as the Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Atal Pension Yojana. The organization is also involved in e-Governance initiatives, such as serving as a UID Permanent Enrollment Center, establishing 27 Lok Seva Kendras at the block level in Madhya Pradesh and managing 114 e-Mitras in five districts of Rajasthan.

Insurance Services

The Insurance Division of AISECT is a multifaceted provider of insurance services within the AISECT group. We are certified by the insurance regulator IRDA and offer comprehensive insurance solutions for individuals, groups, and institutions across all segments, including agricultural products. Our offerings include life, general, health, and agricultural insurance and we tailor policies to meet the specific needs of our clients. We work with leading insurance companies, including government-sponsored organisations.

Online G2C & B2C Services

Through its network, AISECT also provides B2C services such as mobile and DTH recharge, downloading and submitting examination forms, booking railway tickets, data entry operations, and online visa application services. AISECT is dedicated to empowering India through its innovative and pioneering products and solutions.

RFID & Fastag Services

AISECT partners with banks across the country to enable RFID and Fastag services for local payment solutions as well as highway tolls. We have also partnered with the State Bank of India to roll out its Electronic Toll Collection Project across 370 toll plazas on the national highway.
Scope Campus

NH-12, Near Misrod
Hoshangabad Road,
Bhopal – 462047, India

Administrative Office Enquiry
Phone: 07552700401 , 07552700447


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