India Post Will Provide DBT, Insurance, Credit Services To Micro Enterprises

INDIA POST WILL BE TRANSFORMED AS A LARGE PUBLIC LOGISTICS ORGANIZATION TO MEET THE RISING NEEDS OF VISWAKARMAS, WOMEN, SHG, MSMEs ETC

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman addressing a Post Budget Press Conference

FinTech BizNews Service

Mumbai, February 2, 2025: 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.

Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman  said, while presenting the Budget 2025-26 in the Parliament, has 

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.