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ALTENATIVE BANKING

 
  INCLUSIVE BANKING
 
 

The inclusive Banking department was established in September 2014 following the review of the BANKSETA strategy. The current strategy has five pillars:

  • Youth Development (Unemployed)
  • Inclusive Banking
  • Skills Development for the Employed
  • Research and Benchmarking
  • Work Integrated Learning

The role of the Inclusive banking department is to provide support to SMEs, Cooperative Financial Institutions (CFIs) and other role-players in the banking and financial services sector. The support is offered in various formats with the sole purpose of providing skills development to all who need to improve their skills. The main requirement for stakeholders to benefit from BANKSETA programmes is that they should be a registered entity with the CIPC as well as submit the annual Workplace Skills Plan (WSP) to the BANKSETA.

The inclusive banking sub-sector comprises a wide range of service providers which are classified according to the following categories:

  • Second-tier banks
  • Medium and large micro-lenders
  • Small micro-lenders
  • Microenterprise lenders
  • Financial cooperatives
  • Housing financiers
  • Debt counsellors

 

 
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