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Implementation strategy to ensure 100% cr banking system for post offices

BNE ADMIN


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New Delhi: Post Budget Webinar on “Leaving No Citizen Behind” was organized yesterday. Budget announcement related to bringing 100 percent post offices on the core banking system and interoperable post office account and its impact on the lives of rural poor especially women were discussed.

Prime Minister, Shri Narendra Modi addressed the inaugural session of the webinar. The session on “Anytime Anywhere Banking Services and Interoperable Services through India Post” under “Assuring all rural poor especially women access to livelihood options and access to financial services” was chaired by the Minister of Rural Development and Panchayati Raj, Shri Giriraj Singh. It was attended by experts from NITI Aayog and other agencies and by a large section of people and stakeholders associated with post office schemes from different parts of the country. A wide range of discussions took place on an implementation strategy to ensure a 100 percent core banking system along with the deployment of interoperable service for post office accounts. The participants also discussed ways to explore possibilities of the use of the postal networks for delivery of financial and banking services under the aegis of the Ministry of Rural Development. Shri Ajit Pai, Distinguished Expert from NITI Aayog stressed that the post office can play a significant role in the area of credit, financial literacy, and overall achievement of financial inclusion.

Department will prepare a detailed roadmap to ensure timely implementation of the action items emerging out of the discussion in the webinar.

BNE ADMIN