New Delhi, Feb 1 (UNI) Finance Minister Nirmala Sitharaman, while presenting the Budget 2025 in Parliament on Saturday, announced that India Post will be transformed into a large public logistics organization.
“This will meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, MSMEs, and large business organizations,” Sitharaman said.
The Union Minister also said that the services of India Post Payment Bank will be deepened and expanded in rural areas.
“With 1.5 lakh rural post offices, complemented by the India Post Payment Bank and a vast network of 2.4 lakh Dak Sevaks, India Post will be repositioned to act as a catalyst for the rural economy,” She noted.
The Finance Minister also proposed that the expanded range of services of India Post will include rural community hub co-location; institutional account services; DBT, cash out and EMI pick-up; credit services to micro enterprises; insurance; and assisted digital services.
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