Understanding Remittance Networks in Punjab and Uttar Pradesh

This research explores the various remittance options currently available to Indian migrant workers in Punjab and recipient families in rural Uttar Pradesh. It also examines the benefits a business correspondent (BC) remittance service may provide to both. Findings include:

• Remitters and recipients increasingly prefer the security and fast delivery bank transfers offer, although the doorstep service and short-term loans available via hawala and other informalcouriers retain strong appeal.
• Urban remitters have more exposure to BC servicesso far, and some find them less intimidating andmore convenientthan bank branches.
• Rural recipients appreciate the concept, but lack first-hand evidence or personal referrals to decide for or against BCs as a remittance alternative.

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