Presenting the Union Budget for 2025-26 during the Budget session in the Parliament on Saturday, Finance Minister Nirmala Sitharaman said that India Post will be transformed into a “large public logistics organisation”.”1.5 lakh rural post offices complemented by India Post Payments Bank and a vast network of 2.4 lakh daak sevaks will be repositioned to act as a catalyst for the rural economy,” she said.
The Finance Minister outlined several new services under India Post, including:
Rural community hub co-location
Institutional account services
Direct Benefit Transfer (DBT), cash withdrawal, and EMI collection
Credit services for micro enterprises
Insurance products
Assisted digital services
According to the minister, this will meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, MSMEs and large business organisations.She added that the government will provide support to the National Cooperative Development Corporation (NCDC) for its lending operations for the cooperative sector.Also Read: Budget 2025: FM boosts MSME sector with enhanced credit cover, classificationFirst Published: Feb 1, 2025 11:33 AM IST
