INDIA POST TO ACT AS A CATALYST FOR THE RURAL ECONOMY: BUDGET 2025-26
INDIA POST SERVICES WILL BE EXPANDED TO INCLUDE DBT, CREDIT SERVICES TO MICRO ENTERPRISES, INSURANCE AMONG OTHERSINDIA POST WILL BE TRANSFORMED AS A LARGE PUBLIC LOGISTICS ORGANIZATION TO MEET THE RISING NEEDS OF VISWAKARMAS, WOMEN, SHG, MSMEs ETC
Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman said, while presenting the Budget 2025-26 in the Parliament today, that 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.
Finance Minister also proposed that the expanded range of services of India Post will include:
1) rural community hub co-location;
2) institutional account services;
3) DBT, cash out and EMI pick-up;
4) credit services to micro enterprises;
5) insurance; and
6) assisted digital services.
Smt Sitharaman further added that India Post will also be transformed as a large public logistics organization. This will meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, MSMEs, and large business organizations.
Union Minister also said that the services of India Post Payment Bank will be deepened and expanded in rural areas.