Implementation strategy to ensure 100 percent core banking system for post offices discussed at Post-Budget webinar
Prime Minister, Shri Narendra Modi addressed 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 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 part of the country. Wide range of discussion took place on implementation strategy to ensure 100 percent core banking system along with deployment of interoperable service for post office accounts. The participants also discussed ways to explore possibilities of the use of postal network for delivery of financial and banking services under aegis of 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.