Commonwealth Inclusive Growth Services Franchise
Franchise Quick Facts
| Brand Name | Commonwealth Inclusive Growth Services (CIGS) |
|---|---|
| Industry / Business Category | Finance Advisors & Brokers / Financial Inclusion Services |
| Founded Year | 2008 |
| Franchise Started Year | 2009 |
| Total Franchise Outlets | 1,000 – 10,000 |
| Estimated Investment | INR 50 K – 2 Lakh |
| Franchise Fee | INR 1,00,000 |
| Royalty Fee | 15% |
| Space Requirement | 100 – 200 sq.ft |
| Staff Requirement | 1–3 micro-entrepreneurs per kiosk |
| Expected Payback Period | 5–6 months |
1. What is Commonwealth Inclusive Growth Services?
Commonwealth Inclusive Growth Services (CIGS) is a financial services organization focused on promoting banking access for underserved populations in India. Operating in the finance and banking sector, CIGS provides retail banking services, insurance, remittances, and loan products. Its target market includes rural and semi-urban customers, unbanked or underbanked communities, and small-scale entrepreneurs.
2. How the Business Works
CIGS operates a Kiosk Banking model where franchise partners provide banking services on behalf of public sector banks. Customers visit franchise-operated kiosks to open accounts, deposit or withdraw funds, transfer money, pay bills, and access loans or insurance products. Revenue for franchisees is generated through transaction-based fees, service commissions, and incentives tied to the volume of financial services processed. The operational workflow includes client onboarding, biometric verification, account management, and transaction facilitation.
3. Products or Services Offered
Franchise outlets provide a structured suite of financial services, including:
| Account Services | Opening new savings and recurring deposit accounts, Aadhaar seeding, nominee updates |
|---|---|
| Deposits & Withdrawals | Cash deposits, withdrawals, and fixed deposit management |
| Money Transfers | Cash-to-account, account-to-account, domestic remittances |
| Bill Payments | Utility and other household bill settlements |
| Insurance & Pension Products | Bank-approved insurance and pension plans |
| Loan Products | Personal loans, business loans, microfinance |
| Community Programs | Facilitation of self-help groups and financial literacy initiatives |
4. How the Franchise Model Works
Franchise partners operate as Kiosk Banking points under CIGS.
| Role of Franchise Partner | Operate a kiosk providing essential banking services and community financial support |
|---|---|
| Responsibilities of Franchise Owner | Daily operations, customer onboarding, transaction management, adherence to compliance standards |
| Franchise Outlet Operations | Retail locations are equipped to handle deposits, withdrawals, transfers, and account management |
| Franchisor Support | CIGS provides field assistance, operational training, marketing resources, technology integration, and expert guidance |
5. Franchise Cost and Investment Overview
| Initial Investment | INR 50 K – 2 Lakh |
|---|---|
| Franchise / Brand Fee | INR 1,00,000 |
| Setup Costs | Kiosk infrastructure, technology integration, basic office equipment |
| Royalty / Recurring Fees | 15% of revenue |
| Payback Period | Approximately 5–6 months |
Investment enables franchisees to implement a fully functional Kiosk Banking point with training, marketing support, and technology integration.
6. Space and Infrastructure Requirements
| Space Requirement | 100–200 sq.ft for a kiosk setup |
|---|---|
| Location Type | Accessible retail locations in urban, semi-urban, or rural areas |
| Equipment / Infrastructure | Computers, biometric devices, internet connectivity, transaction terminals, office furniture |
| Staffing | 1–3 trained micro-entrepreneurs or franchise personnel |
7. Training and Franchise Support
CIGS provides structured franchise support:
| Operational Training | Kiosk management, transaction handling, and compliance procedures |
|---|---|
| Marketing Assistance | Promotional material, digital marketing campaigns, school and community outreach support |
| Field Assistance | On-site setup and operational guidance |
| Expert Guidance | Ongoing advisory from head office for service quality, customer acquisition, and revenue optimization |
8. Revenue Model and ROI Factors
| Revenue Generation | Commissions on deposits, withdrawals, transfers, loan processing, insurance sales, and other financial services |
|---|---|
| Customer Demand | High demand due to limited banking access in rural and semi-urban areas |
| Repeat Potential | Continuous usage for recurring deposits, bill payments, loans, and remittances |
| Operational Costs | Staff salaries, equipment maintenance, internet and connectivity, kiosk overhead |
| Payback Period | 5–6 months based on transaction volume and service uptake |
9. Brand Background and Expansion
| Established Year | 2008 |
|---|---|
| Franchising Began | 2009 |
| Franchise Network | 1,000 – 10,000 outlets across India |
| Markets Served | Rural and semi-urban regions in over 15 states |
| Expansion Plans | Continued recruitment of franchise partners to expand the Kiosk Banking network and increase financial inclusion coverage |
10. Key Advantages of the Franchise Opportunity
- Participation in India’s financial inclusion initiative
- Low investment and quick payback period
- Structured franchise support and training
- Established brand credibility and nationwide operational footprint
- Scalable model with potential to expand services and customer base
11. Who Should Consider This Franchise
- Entrepreneurs interested in micro-finance or banking services
- Retailers seeking to diversify income through financial services
- Individuals with managerial skills and a focus on community service
- First-time franchise investors in low-capital, high-demand sectors
Similar Franchise Opportunities
1. FINO PayTech – Banking correspondent and financial service franchise
2. Eko India Financial Services – Kiosk-based financial inclusion services
3. Airtel Payments Bank Franchise – Banking services through retail outlets
4. PayPoint India – Payment and banking services franchise
5. India Post Payments Bank (IPPB) – Government-backed banking franchise network
What is the investment required for CIGS franchise?
Initial investment ranges from INR 50 K – 2 Lakh, with a franchise fee of INR 1,00,000.
How does the CIGS franchise business work?
Franchisees operate Kiosk Banking outlets, offering deposits, withdrawals, remittances, and other bank-authorized financial services.
What space is required for the franchise?
Each kiosk requires 100–200 sq.ft in a commercially accessible location.
How long does it take to recover the investment?
The estimated payback period is approximately 5–6 months, depending on transaction volume.
How can investors apply for the franchise?
Prospective franchisees can contact CIGS for onboarding, training, and kiosk setup assistance. ## Similar Franchise Opportunities
