Finance minister Nirmala Sitharaman Saturday introduced the government’s plan to remodel India Post into a big logistics organisation with 1.5 lakh rural post workplaces.
In her Budget speech, Sitharaman stated India Post’s rural post workplaces will emerge as a catalyst for the rural economic system. “India Post with 1.5 lakh rural post offices, complemented by the India Post Payment Bank and a vast network of 2.4 lakh Dak Sevaks, will be repositioned to act as a catalyst for the rural economy.India Post will also be transformed as a large public logistics organisation. This will meet the rising needs of Viswakarmas, new entrepreneurs, women, SHGs, MSMEs, and large business organizations.”
India Post’s vary of companies will now embrace rural neighborhood hub colocation; institutional account companies; DBT, money out and EMI pick-up; credit score companies to micro enterprises; insurance coverage; and assisted digital companies. The FM added companies of India Post Payment Bank shall be deepened and expanded in rural areas.
