Commonwealth Inclusive Growth Services Limited

Commonwealth inclusive growth services ltd. Cigs, Functions as a publicly accessible organization limited organization registered in india. Commonwealth inclusive growth services ltd or cigs came into existence in january 2008. Cigs s We aspire to provide the a large portion of the economically active adult population of india into formal banking system, By leveraging technology and innovative business processes. Today, In india, Only 40% within the demographic in every region of the country have bank accounts. Financial inclusion fi will be a key determinant of sustainable and inclusive growth within the nation. Cigs is an alliance of wills, Wisdom, Experience, And technology that has been fostered by commonwealth business council cbc www. Cbcglobal. Org to develop a valid business case and to find an effective resolution for the issues of those without access to banking services. The proposed business model of cigs is growth centric and self sustaining, Benefiting all the stakeholders. The the commonwealth fi solution, Promotes financial inclusion through, Flagship product of cigs an interconnected system of business correspondents/facilitators and fulfils the basic financial needs such as cash deposits, Withdrawals resources and support for those excluded by traditional banking channels. The commonwealth fi solution can also provide a secure and trustworthy platform for pensions, Nrega and other payments acting as a proxy for the government to be delivered to intended beneficiaries