NOTE :
THE APPOINTMENT OF NEW AGENTS UNDER SAS, MPKBY & PPF SCHEMES HAS BEEN STOPPED, TILL FURTHER ORDERS, AS PER POLICY DECISION
Question No. 1. What is the eligibility criteria required for the appointment of agents/agencies?
Answer: ELIGIBILITY CONDITIONS FOR BECOMING AN AGENT
- FOR MPKBY (Mahila Pradhan Kshetriya Bachat Yojna) Agent
- Any unemployed adult woman
- She must be a person of integrity.
- She must be an Indian citizen.
- She must be the resident of Delhi
- FOR SAS ( Standardised Agency System) Agent
- Any unemployed adult Man/ woman
- He/She must be a person of integrity.
- He/She must be an Indian citizen.
- He/She must be the resident of Delhi
- FOR PPF (Public Provident Fund ) Agent
- Any unemployed adult Man/ woman
- He/She must be a person of integrity.
- He/She must be an Indian citizen.
- He/She must be the resident of Delhi
Any unemployed adult man/ woman means an applicant who is not employed in any Central/State/Semi Government, Department of Posts or Public Sector Organisation. The person(s) working in private sector or self employed will however be eligible.
QUALIFICATION FOR SAS, MPKBY & PPF Agents
- Minimum qualification is 12th Pass under 10+2 scheme or Higher Secondary or its equivalent.
- Retired person(s) from Govt., Semi Govt. Undertaking, Public Sector are also eligible for the SAS /PPF/MPKBY agency.
- SAS/PPF/MPKBY agency may be given to the person(s) who hold the agency of L.I.C/ G.I.C.
- Initially, a female applicant would be considered for MBKBY Agency. After successful performance of one year of MPKBY agency, she may be considered for SAS agency. The criteria in this regards is that the MPKBY agent should open at least 20 accounts during the last one year.
- The person after attaining the age of 75 years & above will not be considered for appointment as an agent.
ADDITIONAL CONDITIONS FOR RENEWAL OF AGENCIES
- The SAS agent should mobilise minimum business of Rs. 5.00 lacs during the last year, failing which the agency shall not be renewed. There is no condition of minimum business for female agents.
- The PPF agents shall tender at least 30 accounts pertaining to different subscribers during the entire tenure of the agency i.e. 3 years.