Varanasi, Sept. 23 -- In Varanasi, 457 local women, all members of self-help groups (SHGs), have earned the title of "BC Sakhis" (Banking Correspondent Friends). They are revolutionising financial inclusion by providing essential banking services from opening accounts to processing transactions in rural pockets across the district. According to Srawan Kumar Singh, district mission manager of the Uttar Pradesh State Rural Livelihood Mission (UPSRLM) in Varanasi, these BC Sakhis have facilitated transactions worth Rs.1,165 crore, earning commissions totaling Rs.3.364 crore. This initiative is a core component of the "One Gram Panchayat, One BC Sakhi" programme. To qualify, candidates must be SHG members, have completed their 12th-grade education, and be between the ages of 18 and 40. Once selected, each member undergoes a six-day residential training program at the Rural Self-Employment Training Institute (RSETI) and must pass the Indian Institute of Banking and Finance (IIBF) examination. Pawan Kumar Singh, Varanasi's deputy commissioner (self-employment), notes that these women provide door-to-door banking services in collaboration with the Bank of Baroda. They facilitate over 60 types of services, including account opening, fund transfers, deposits, withdrawals, insurance and lead generation. This initiative saves rural residents time and money by eliminating the need to travel to bank branches, while providing critical assistance to the differently-abled, the elderly and the destitute. The programme has not only bolstered financial inclusion but has also provided these women with a new identity and enhanced community respect. Many have become "Lakhpatis," earning an annual income exceeding Rs.1 lakh. Furthermore, the UPSRLM has formed 15,000 self-help groups in the district, involving 190,000 women. Through initiatives like the Revolving Fund, Community Investment Fund, Risk Mitigation Fund, and Livelihood Fund, these women are increasingly engaging in income-generating activities. To ensure operational success, the UPSRLM provides a support fund of Rs.75,000 at an annual interest rate of 4%, along with a monthly honorarium of Rs.4,000 for the first six months. The mission's broader cadre, including Bank Sakhis, Financial Literacy Resource Persons and Bima Sakhis, continues to drive significant economic transformation across rural regions. "At present, our focus is on the 'BC Sakhi' cadre to further revolutionise financial inclusion," the deputy commissioner added....