The Reserve Bank of India (RBI) on Monday proposed a comprehensive restructuring of the Business Correspondent (BC) framework, introducing a differentiated structure for BC outlets, tightening governance norms and formalising remuneration standards to strengthen financial inclusion and oversight. The amendments, once finalised, will come into force from July 1. The RBI has invited comments on the draft by May 5. The central bank had set up a committee comprising officials from the RBI, the Department of Financial Services, the Indian Banks’ Association (IBA) and NABARD to review BC operations and recommend measures to enhance efficiency.