The National Bank For Agriculture And Rural Development (NABARD) on August 11, 2023, issued a notification regarding the Incentive Scheme for Customer Service Points (CSPs)/Business Correspondents (BCs) of Banks operating in North Eastern (NE) States.
The incentive under this scheme will be over and above the fixed commission and variable commission already being paid by the Banks. The amount is an incentive payable directly to an individual BC or BC agent or CSP operator henceforth referred to as “Operator” facilitating customer transactions upon meeting the minimum level of transactions.
The operative period of the scheme will be 3 years, i.e., from April 01, 2023 to March 31, 2026. If needed, further extension of the scheme will be decided based on the outcome achieved under the scheme.
The scheme will be applicable to all Banks operating in North Eastern States (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikkim).
[Circular No. 171/DFIBT-04/2023]
