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B.Com. (Banking and Insurance) Rural Insurance and Micro Credit Syllabus - Mumbai University

This is the TY BBI syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

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Syllabus for Rural Insurance and Micro Credit

Major elective · Semester 6 · TY BBI · 4 credits · 100 marks

Module I: Introduction to Rural Insurance and Rural Finance

Unit 1: Overview of Rural Insurance Meaning and Need for Rural Insurance – Importance of insurance in mitigating agricultural and livelihood risks.
Characteristics of Rural Insurance Markets – Low penetration, seasonal incomes, high uncertainty.
Types of Rural Insurance Products – Crop insurance, livestock insurance, micro health insurance.
Challenges in Rural Insurance Delivery – Low awareness, affordability issues, geographic barriers.
Unit 2: Rural Financial Markets Structure of Rural Financial Markets – Banks, cooperative societies, regional rural banks, MFIs.
Sources of Rural Finance – Formal and informal credit sources.
Role of NABARD – Promotion of rural credit, development projects, refinance support.
Financial Inclusion in Rural Areas – Technology-driven access, PMJDY, digital banking initiatives.

Module II: Rural Insurance Types and Operations

Unit 3: Agricultural and Livestock Insurance Crop Insurance Schemes – PMFBY, weather-based insurance products.
Livestock Insurance – Cattle, poultry, dairy livestock coverage.
Risk Assessment in Agriculture – Climatic, pest-related, and market-price risks.
Claim Procedures and Settlement Issues – Assessment challenges and timelines.
Unit 4: Micro Insurance Products Micro Life Insurance – Low-premium products for rural households.
Micro Health and Accident Insurance – Community-based and group insurance models.
Designing Micro Insurance Products – Simplicity, affordability, accessibility features.
Role of NGOs and SHGs in Micro Insurance – Delivery, awareness, and distribution support.

Module III: Micro Credit Concepts and Institutions

Unit 5: Introduction to Micro Credit Meaning and Importance of Micro Credit – Supporting rural livelihoods and small enterprises.
Principles of Micro Lending – Joint liability, peer pressure, group lending methods.
Micro Credit Models – Grameen model, SHG–Bank linkage model, cooperative model.
Role of Banks in Micro Credit Delivery – Priority sector lending and financial inclusion.
Unit 6: Microfinance Institutions (MFIs) Types of MFIs – NBFC-MFIs, NGOs, cooperatives.
Functions of MFIs – Credit delivery, savings, insurance, pension services.
MFI Governance and Regulatory Framework – RBI guidelines for MFIs.
Issues and Challenges Faced by MFIs – Over-indebtedness, high interest rates, recovery practices.

Module IV: Rural Credit Systems, Government Schemes & Risk Management

Unit 7: Rural Credit Delivery Mechanisms SHG–Bank Linkage Programme – Formation, working, and benefits.
Joint Liability Groups (JLGs) – Structure and role in agricultural lending.
Kisan Credit Card (KCC) – Features, eligibility, and benefits to farmers.
Role of Cooperative Banks and RRBs – Rural-focused lending operations.
Unit 8: Government Schemes and Risk Management in Rural Finance Government Rural Development Schemes – PM-KISAN, MGNREGA, AIF, and other credit-linked schemes.
Credit Risk in Rural Lending – Repayment capacity, crop dependency, market volatility.
Risk Mitigation Techniques – Diversification, credit guarantees, insurance linkages.
Technology in Rural Finance – Mobile banking, digital KYC, fintech solutions for rural credit and insurance.

Reference Books

Rural Banking and Micro Finance – Karmakar K. G.
Microfinance: Principles and Practice – Joanna Ledgerwood
Rural Insurance and Financial Inclusion – IIBF Publications
Micro Credit and Rural Development – NABARD & RBI Publications
Rural Banking and Agricultural Finance – M. L. Tandon

Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.

PDF BCom (Banking & Insurance) Honours Sem VII & VIII (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read

PDF BCom (Banking & Insurance) Honours with Research Sem VII & VIII (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read

PDF BCOM (BBI) SEM I & II (2024 25) NEP NEP 2020 syllabus, in force from 2024-25 Read full PDF Read

PDF BCom (Banking & Insurance) Sem III & IV (2025-26) NEP NEP 2020 syllabus, in force from 2025-26 Read full PDF Read

PDF BCom (Banking & Insurance) Sem IV Community Engagement Project (2025-26) NEP NEP 2020 syllabus, in force from 2025-26 Read full PDF Read

PDF BCom (Banking & Insurance) Sem V & VI (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read

PDF BCom (Banking & Insurance) Sem V & VI Minor (2026-27) NEP NEP 2020 syllabus, in force from 2026-27 Read full PDF Read

PDF BBI V & VI 2018 2019 Earlier Choice Based syllabus, still set for ATKT candidates Read full PDF Read

PDF BBI III & IV 2017 18 Earlier Choice Based syllabus, still set for ATKT candidates Read full PDF Read

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