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Informist, Saturday, Feb. 1, 2025

--BUDGET: To transform India Post into a large public logistics organisation 

--BUDGET: Repositioning of India Post as logistic enterprise to benefit MSMEs 

--BUDGET: Repositioning India Post as logistic enterprise to benefit large cos 

--BUDGET: To expand services of India Post Payment Bank in rural areas 

MUMBAI – The government aims to transform India Post into a large public logistics organisation, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for the financial year 2025-26 (Apr-Mar) Saturday.

"India Post with 150,000 rural post offices, complemented by the India Post Payment Bank and a vast network of 240,000 dak sevaks, will be repositioned to act as a catalyst for the rural economy," she said. She said this would meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, micro, small, and medium enterprises, and large business organisations. 

While detailing the Budget for FY25, the government had said it would set up as many as 100 branches of India Post Payments Bank in the northeastern states.  End

Reported by Kshipra Petkar

Edited by Rajeev Pai

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