MOS Utility Limited, through its subsidiary JC Ventures Private Limited, has formalized a strategic service agreement with Madhya Pradesh Gramin Bank. This partnership aims to enhance financial inclusion by utilizing the CSP/BC model, focusing on underserved rural communities across India. By collaborating, both entities will promote greater accessibility to essential banking services, empowering low-income households and marginalized groups, particularly women.
With a strong presence in over 25 states, MOS has developed a robust network of Business Correspondents (BCs) that facilitate key banking services, such as account openings and loan processing. The initiative not only enables secure transactions but also fosters economic empowerment in remote areas.
Chirag Shah, Founder and Chairman of MOS, emphasized that this landmark partnership underscores the company's commitment to operational excellence and service quality, with significant potential to impact millions while driving growth in the fintech sector. This collaboration positions MOS advantageously within the evolving financial services landscape of India.