INDIA POST SERVICES WILL BE EXPANDED TO INCLUDE DBT, CREDIT SERVICES TO MICRO ENTERPRISES, INSURANCE AMONG OTHERS

INDIA 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.

India Post expansion to deliver DBT, credit, insurance and assisted digital services, transforming into a public logistics platform. India Post will be repositioned as a multifaceted rural service and logistics platform using its rural post offices, Payment Bank, and workforce to deliver expanded services including direct benefit transfer facilitation, cash-out and EMI pick-up, institutional account services, credit to microenterprises, insurance, assisted digital services, and rural community hub co-location, while transforming into a large public logistics organization to deepen rural financial and logistical reach.