Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System

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....ostal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System <br>Budget<br>Dated:- 28-2-2015<br><BR>The Finance Minister, Shri Arun Jaitely presenting the Union ....

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....Budget 2015-16, here today, said that the government is committed to increasing access of the people to the formal financial system. In this context, Government proposes to utilize the vast Postal net....

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....work with nearly 1,54,000 points of presence spread across the villages of the country . The Minister hoped that the Postal Department will make its proposed Payments Bank venture successful so that i....

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....t contributes further to the Pradhan Mantri Jan Dhan Yojana. Shri Jaitley said that to bring parity in regulation of Non-Banking Financial Companies (NBFCs) with other financial institutions in matt....

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....ers relating to recovery, it is proposed that NBFCs registered with RBI and having asset size of &#8377; 500 crore and above will b considered for notifications as 'Financial Institution' In terms of ....

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....the SARFAESI Act, 2002.<BR> News - Press release - PIB....