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Eligibility Condition For Becoming An Agent

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

  1. FOR  MPKBY (Mahila Pradhan Kshetriya Bachat Yojna) Agent
  (a) Any unemployed adult woman
  (b) She must be a person of integrity.
  (c) She must be an Indian citizen.
  (d) She must be the resident of Delhi

2. FOR  SAS ( Standardised Agency System) Agent
  (a) Any unemployed adult Man/ woman
  (b) He/She must be a person of integrity.
  (c) He/She must be an Indian citizen.
  (d) He/She must be the resident of Delhi

3. FOR  PPF (Public Provident Fund ) Agent
  (a) Any unemployed adult Man/ woman
  (b) He/She must be a person of integrity.
  (c) He/She must be an Indian citizen.
  (d) 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

  1 Minimum qualification is  12th Pass under 10+2 scheme or Higher Secondary or its equivalent.
  2  Retired person(s) from Govt., Semi Govt. Undertaking, Public Sector  are also eligible for the SAS /PPF/MPKBY agency.
  3  SAS/PPF/MPKBY agency may be given to the person(s) who hold the  agency of L.I.C/ G.I.C.
  4. 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.
  5.  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
  (a) 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.
  (b)The  PPF agents shall tender at least 30 accounts pertaining to different  subscribers during the entire tenure of the agency i.e. 3 years.

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Last Updated : 24 May,2016